Banking sector liabilities slightly increase in Kazakhstan
BAKU, Azerbaijan, Nov. 26
By Nargiz Sadikhova - Trend:
Total assets of Kazakhstan’s banking sector amounted to 26.4 trillion tenge ($68.5 billion) as of November 1, 2019, which is 4.9 percent more than at the beginning of the year, Trend reports with reference to the National Bank of Kazakhstan.
Some 49.4 percent of the assets account for loans, 20.1 percent for securities portfolio, and 12 percent for cash, refined precious metals and correspondent accounts.
Furthermore, loans overdue for more than 90 days amounted to 1.3 trillion tenge ($3.3 billion), which is 9.1 percent of the loans portfolio.
Loan portfolio provisions amounted to 2.2 trillion tenge ($5.8 billion), which is 15.9 percent of loans portfolio, compared to 1.7 trillion tenge ($4.5 billion) comprising 12.9 percent at the beginning of the year.
According to the data, total volume of banking sector liabilities was 23.1 trillion tenge ($59.8 billion) as of November 1, 2019, having increased by 4.1 percent since the beginning of the year.
“Some 77.2 percent of the liabilities structure account for clients deposits, 8.2 percent account for issues securities, and 2.7 percent account for loans from other banks and organizations,” the report said.
Furthermore, banks’ liabilities to non-residents of Kazakhstan decreased in total value of liabilities from 6.2 percent to 5.3 percent and equaled 1.098 trillion tenge ($2.8 billion).
Total fixed capital of the sector amounted to 3.3 trillion tenge ($8.6 billion) as of November 1, 2019, having increased by 10.2 percent since the beginning of the year.
Net profit of the sector amounted to 501.1 billion tenge ($1.2 billion), while net interest margin and interest spread of second tier banks amounted to 5.1 percent and 3.9 percent respectively.
As of November 1, 2019, the banking sector of Kazakhstan is represented by 27 banks.
Follow the author on twitter: @nargiz_sadikh