BAKU, Azerbaijan, Dec. 29
By Nargiz Sadikhova - Trend:
The value of lending allocated by Kazakhstan’s second-tier banks to the country’s economy amounted to 14.6 trillion tenge ($34.8 billion) as of the end of Nov. 2020, which is 1.4 percent more than in Oct. 2020, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons increased by 0.1 percent amounting to 7.2 trillion tenge ($17.3 billion), whereas lending value to physical persons was 7.3 trillion tenge ($17.5 billion) which is 2.7 percent more than in Oct. 2020.
According to the bank, the value of tenge-denominated loan value increased by 2.2 percent and amounted to 12.5 trillion tenge ($29.9 billion), whereas the value of foreign currency-denominated loans decreased by 3.1 percent to 2.06 trillion tenge ($4.9 billion).
The value of long-term loans amounted to 12.5 trillion tenge in Nov. 2020 ($29.8 billion) which is 0.9 percent more than in Oct. 2020, whereas the value of short-term loans increased by 4.9 percent to 2.1 trillion tenge ($5 billion).
Lending to ventures of small entrepreneurship amounted to 2.3 trillion tenge in Nov. 2020 ($5.4 billion), which is 0.3 percent more than in Oct. 2020 and is 15.7 percent of the total value of loans allocated as of Nov. 2020.
The largest share of loans accounts for industry (13.5 percent), trade (11.6 percent), construction (4.7 percent), and transport (3.4 percent).
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 11.9 percent in Nov. 2020 compared to 12.2 percent in Nov. 2019, whereas to physical entities it was 14.9 percent compared to 17 percent in Nov. 2019.
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