Individuals deposits value increases in Kazakhstan year-on-year
BAKU, Azerbaijan, Sept. 30
By Nargiz Sadikhova - Trend:
The volume of deposits in Kazakhstan’s deposit organizations amounted to 20.68 trillion tenge ($48.5 billion) in Aug. 2020, which is 0.2 percent less compared to July 2020, Trend reports with reference to the data of Kazakhstan’s National Bank.
Deposits of legal persons decreased in value by 0.4 percent to 10.6 trillion tenge ($25 billion), whereas deposits of physical persons increased by 0.4 percent to 10.02 trillion tenge ($23.5 billion).
In turn, the value of deposits denominated in the national currency (tenge) decreased by 1.1 percent in a month to 12.3 trillion tenge ($28.9 billion), whereas the value of deposits denominated in foreign currency increased by 1.7 percent to 8.3 trillion tenge ($19.51 billion).
The deposits dollarization level stood at 40.2 percent in Aug, 2020 compared to 43.1 in Dec. 2019.
Tenge denominated deposits of legal entities decreased by 3.1 percent in Aug. 2020 has amounted to 6.4 trillion tenge ($15.01 billion), whereas foreign currency denominated deposits of legal entities increased by 4.1 percent to 4.2 trillion tenge ($9.9 billion).
Meanwhile, tenge denominated deposits of physical entities increased by 1.1 percent to 5.9 trillion tenge ($13.9 billion), whereas foreign currency denominated deposits of physical entities decreased by 0.7 percent to 4.06 trillion tenge ($9.5 billion).
The value of time deposits amounted to 14.1 trillion tenge ($33.08 billion), having decreased by 1.2 percent in Aug. 2020 compared to July 2020.
The weighted average remuneration rate on time deposits of non-bank legal entities in tenge amounted to 7.2 percent in Aug. 2020 compared to 7.2 percent in Aug. 2019, whereas the weighted average remuneration rate on deposits of physical entities was 9.8 percent compared to 9.4 percent in Aug. 2019.
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