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Mortgage lending increases in Kazakhstan

Finance Materials 28 June 2019 12:07 (UTC +04:00)

Baku, Azerbaijan, June 28

By Nargiz Sadikhova - Trend:

The value of mortgage lending provided by banks of Kazakhstan as at June 1, 2019 amounted to 1.4 trillion tenge, which is 8.4 percent more compared to the beginning of the year, Trend reports with reference to LS news agency.

Thus, the value increase exceeded 100 billion tenge.

“The value of mortgage lending denominated in foreign currency amounted to 36.2 billion tenge, whereas the mortgage lending denominated in national currency (tenge) equaled to 1.3 trillion tenge,” the report said.

“Furthermore, the value of short-time mortgage lending denominated in foreign currency amounted to 2.06 billion tenge, whereas the value of short-time mortgage lending denominated in national currency stood at 163 million tenge,” the statement said.

“In turn, the value of long-term (over one year) mortgage lending denominated in foreign currency equaled to 1.38 trillion tenge, whereas the value of long-time mortgage lending denominated in national currency exceeded 36 billion tenge,” the report said.

(1USD = 379.82 KZT on June 28)

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