...

Deposits value denominated in national currency surges in Kazakhstan

Finance Materials 28 January 2021 10:40
Deposits value denominated in national currency surges in Kazakhstan

BAKU, Azerbaijan, Jan. 28

By Nargiz Sadikhova - Trend:

The volume of deposits in Kazakhstan’s deposit organizations amounted to 22.08 trillion tenge ($52.4 billion) in Dec. 2020, which is 0.7 percent more compared to Nov. 2020, Trend reports with reference to the data of Kazakhstan’s National Bank.

Deposits of legal persons decreased in value by 2 percent to 11.2 trillion tenge ($26.8 billion), whereas deposits of physical persons increased by 3.6 percent to 10.7 trillion tenge ($25.6 billion).

In turn, the value of deposits denominated in the national currency (tenge) increased by 4 percent in a month to 13.8 trillion tenge ($32.9 billion), whereas the value of deposits denominated in foreign currency decreased by 4.5 percent to 8.2 trillion tenge ($19.5 billion).

The deposits dollarization level stood at 37.3 percent in Dec. 2020 compared to 43.1 in Dec. 2019.

Tenge denominated deposits of legal entities increased by 1.3 percent in Dec. 2020 has amounted to 7.2 trillion tenge ($17.1 billion), whereas foreign currency denominated deposits of legal entities decreased by 7.2 percent to 4.09 trillion tenge ($9.7 billion).

Meanwhile, tenge denominated deposits of physical entities increased by 7.1 percent to 6.6 trillion tenge ($15.7 billion), whereas foreign currency denominated deposits of physical entities decreased by 1.5 percent to 4.1 trillion tenge ($9.8 billion).

The value of time deposits amounted to 15.2 trillion tenge ($36.2 billion), has decreased by 3.7 percent in Dec. 2020 compared to Nov. 2020.

The weighted average remuneration rate on time deposits of non-bank legal entities in tenge amounted to 7.3 percent in Dec. 2020 compared to 7.4 percent in Dec. 2019, whereas the weighted average remuneration rate on deposits of physical entities was 9.2 percent compared to 9 percent in Dec. 2019.

---

Follow the author on Twitter: @nargiz_sadikh

Tags:
Latest

Latest