Lending to physical entities decreases in Kazakhstan
BAKU, Azerbaijan, Feb.26
By Nargiz Sadikhova - Trend:
Value of lending allocated by Kazakhstan’s second tier banks to the country’s economy amounted to 13.6 trillion tenge ($36.3 million) as of the end of Jan. 2020, which is 1.4 percent less than in Dec. 2019, Trend reports with reference to Kazakhstan’s National Bank.
Value of lending to legal persons decreased by 3.3 percent amounting to 6.9 trillion tenge ($18.5 billion), whereas lending value to physical persons was 6.7 trillion tenge ($17.8 billion) which is 0.7 percent more than in Dec. 2019.
Value of tenge-denominated loans value amounted to $11.4 trillion tenge ($30.5 billion), which is 0.7 percent less than in Dec. 2019. Value of foreign currency denominated loans decreased by 5 percent to 2.2 trillion tenge ($5.8 billion).
Value of long term loans amounted to 11.7 trillion tenge in Jan. 2020 ($31.2 billion) which is 0.5 percent less than in Dec. 2019, whereas value of short term loans decreased by 6.4 percent to 1.9 trillion tenge ($5 billion).
Lending to ventures of small entrepreneurship amounted to 2 trillion tenge in Jan. 2020 ($5.4 billion), which is 2.6 percent less than in Dec. 2019 and is 15 percent of the total value of loans allocated as of Jan. 2020.
The largest share of loans accounts for industry (13.4 percent), trade (12.3 percent), construction (4.7 percent) and transport (3.5 percent).
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