Agriculture lending increases in Kazakhstan
Baku, Azerbaijan, August 28
By Nargiz Sadikhova – Trend:
The value of loans allocated by banks of Kazakhstan to legal and physical entities of the country’s agriculture amounted to 9.541 billion tenge during January-July 2019 compared to 8.370 billion tenge during the entire year of 2018, Trend reports with reference to the data of national Bank of Kazakhstan.
As stated in the report, all the loans allocated in agriculture were tenge denominated.
The total value of legal entities lending amounted to 8.652 billion tenge during January-July 2019. Some 4.780 billion tenge of the sum account for long term loans, whereas 3.871 billion tenge of the sum account for short term lending.
Furthermore, the value of lending to physical entities equaled 890 million tenge during the reporting period. This sum includes short tem loans worth 459 million tenge and long term loans worth 431 million tenge.
(1 USD = 387.5 KTZ on August 28)
Follow the author on twitter: @nargiz_sadikh