Baku, Azerbaijan, Apr. 17
By Fakhri Vakilov – Trend:
The volume of microloans of the Microfinance organizations (MFO) of Kazakhstan amounted to 226.8 billion tenge at the end of 2018 showing an increase of 6.9 percent for the fourth quarter and of 39.6 percent for the year, Trend reports via ranking.kz.
For comparison, loans from second-tier banks of Kazakhstan for the period from the end of September to the end of December 2018 increased by 3.3 percent and by 3 percent for the year, to 13.1 trillion tenge ($34,432,908,397 billion).
Overdue debt of MFO decreased by 9.1 percent to 13.8 billion tenge for the fourth quarter of 2018.
The delay in second-tier banks decreased by 9.3 percent, to 876.2 billion tenge.
From the end of September to the end of December 2018, the share of overdue loans from MFO decreased from 7.2 percent to 6.1 percent, and same share of second-tier banks from 7.6 percent to 6.7 percent.
A year earlier, the difference between the quality of loans from MFO and second-tier banks in Kazakhstan was more than 2 percentage points in favor of MFO; at the end of 2018, it was only 0.6 percentage points.
Almost 97 percent of overdue microloans of the MFO are for loans issued to individuals: 13.4 billion tenge - by 45.7 percent more than at the end of 2017.
Moreover, in the fourth quarter of 2018, the amount of delay decreased by 9.2 percent compared to the third quarter. The share of bad loans to individuals in the portfolio is 6 percent.
Overdue loans of legal entities for the year increased by 97.6 percent to 454.2 million tenge.
The share of overdue of legal entities for the last quarter of 2018 decreased from 12.3 percent to 11.2 percent, a year earlier it was 7.2 percent.
The share of overdue loans of second-tier banks issued to individuals in the fourth quarter of 2018 decreased from 7.8 percent to 7.2 percent of the portfolio, a year earlier it reached 8.4 percent; on corporate loans - from 7.5 percent to 6.3 percent, a year earlier - 7.6 percent.
More than half of the microloans of MFO account for KMF organization: 117.4 billion tenge. Growth for the fourth quarter of 2018 was 6.9 percent.
The second place was taken by Toyota Financial with a volume of 30.6 billion tenge, an increase of 9.4 percent for the quarter.
“Arnur Credit” closes the top three: 12.1 billion tenge, growth for the quarter - by 8.2 percent.
($1-380.45 tenge on Apr. 17)
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