BAKU, Azerbaijan, Apr. 1
By Nargiz Sadikhova - Trend:
The value of lending allocated by Kazakhstan’s second-tier banks to the country’s economy amounted to 14.5 trillion tenge ($34.2 billion) as of the end of Feb. 2021, which is 0.3 percent less than in Jan. 2021, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons decreased by 0.1 percent amounting to 6.9 trillion tenge ($16.4 billion), whereas lending value to physical persons was 7.5 trillion tenge ($17.8 billion) which is 0.4 percent less than in Jan. 2021.
According to the bank, the value of tenge-denominated loan value increased by 0.01 percent and amounted to 12.7 trillion tenge ($30.07 billion), whereas the value of foreign currency-denominated loans decreased by 2.4 percent to 1.7 trillion tenge ($4.2 billion).
The value of long-term loans amounted to 12.4 trillion tenge in Feb. 2021 ($29.2 billion) which is 0.7 percent less than in Jan. 2021, whereas the value of short-term loans increased by 1.9 percent to 2.1 trillion tenge ($5.01 billion).
Lending to ventures of small entrepreneurship amounted to 2.5 trillion tenge in Feb. 2021 ($6.02 billion), which is 0.7 percent more than in Jan. 2021 and is 17.6 percent of the total value of loans allocated as of Feb. 2021.
The largest share of loans accounts for industry (13.5 percent), trade (11.8 percent), construction (4.2 percent), and transport (3.2 percent).
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 11.5 percent in Feb. 2021 compared to 12 percent in Feb. 2020, whereas to physical entities it was 18.2 percent compared to 19 percent in Feb. 2020.
---
Follow the author on Twitter: @nargiz_sadikh