BAKU, Azerbaijan, November 30
By Nargiz Sadikhova - Trend:
The volume of deposits in Kazakhstan’s deposit organizations amounted to 26.01 trillion tenge ($60.2 billion) in October 2021, which is 0.6 percent more compared to September 2021 and 18.6 percent more than during the same month last year, Trend reports with reference to the data of Kazakhstan’s National Bank.
Deposits of legal persons increased in value by 0.4 percent to 13.5 trillion tenge ($31.3 billion), whereas deposits of physical persons increased by 0.7 percent to 12.4 trillion tenge ($28.8 billion).
In turn, the value of deposits denominated in the national currency (tenge) increased by 1.6 percent in a month to 16.7 trillion tenge ($38.7 billion), whereas the value of deposits denominated in foreign currency decreased by 1.2 percent to 9.2 trillion tenge ($21.4 billion).
The deposits dollarization level stood at 35.6 percent in October 2021 compared to 37.3 in Dec. 2020.
Tenge denominated deposits of legal entities increased by 1.8 percent in October 2021 and have amounted to 8.5 trillion tenge ($19.7 billion), whereas foreign currency denominated deposits of legal entities decreased by 1.9 percent to 5.03 trillion tenge ($11.6 billion).
Meanwhile, tenge denominated deposits of physical entities increased by 1.3 percent to 8.2 trillion tenge ($19.07 billion), whereas foreign currency denominated deposits of physical entities decreased by 0.4 percent to 4.2 trillion tenge ($9.7 billion).
The value of time deposits amounted to 18.1 trillion tenge ($42.05 billion), having increased by 2.3 percent in October 2021 compared to September 2021.
The weighted average remuneration rate on time deposits of non-bank legal entities in tenge amounted to 7.5 percent in October 2021 compared to 7 percent in October 2020, whereas the weighted average remuneration rate on deposits of physical entities was 8.4 percent compared to 9.5 percent in October 2020.
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