BAKU, Azerbaijan, Jun. 1
By Nargiz Sadikhova - Trend:
Value of lending allocated by Kazakhstan’s second tier banks to the country’s economy amounted to 14.05 trillion tenge ($34.1 billion) as of the end of Apr. 2020, which is 1.8 percent less than in Mar. 2020, Trend reports with reference to Kazakhstan’s National Bank.
Value of lending to legal persons decreased by 1.6 percent amounting to 7.3 trillion tenge ($17.7 billion), whereas lending value to physical persons was 6.7 trillion tenge ($16.3 billion) which is 1.9 percent less than in Mar. 2020.
Value of tenge-denominated loans value amounted to $11.6 trillion tenge ($28.3 billion), which is 1.4 percent less than in Mar. 2020. Value of foreign currency denominated loans decreased by 3.5 percent to 2.4 trillion tenge ($5.8 billion).
Value of long term loans amounted to 12.04 trillion tenge in Apr. 2020 ($29.2 billion) which is 1.5 percent less than in Mar. 2020, whereas value of short term loans decreased by 3.4 percent to 2.01 trillion tenge ($4.8 billion).
Lending to ventures of small entrepreneurship amounted to 2.04 trillion tenge in Apr. 2020 ($4.9 billion), which is 3.8 percent less than in Mar. 2020 and is 14.6 percent of the total value of loans allocated as of Apr. 2020.
The largest share of loans accounts for industry (13.7 percent), trade (12.3 percent), construction (4.7 percent) and transport (3.7 percent).
Weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 12.1 percent in Apr .2020 compared to 12 percent in Apr. 2019, whereas to physical entities it was 17.1 percent compared to 18.5 percent in Apr. 2019.
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