BAKU, Azerbaijan, August 29. The value of lending allocated by Kazakhstan’s second-tier banks amounted to 20.3 trillion tenge ($42.7 billion) as of the end of July 2022, which is 1.6 percent more than in June 2022 and 27.1 percent more than during the same month last year, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons decreased by 1.2 percent amounting to 7.9 trillion tenge ($16.7 billion), whereas lending value to physical persons was 12.3 trillion tenge ($26.01 billion) which is 3.4 percent more than in June 2022.
According to the bank, the value of tenge-denominated loan value increased by 2.1 percent and amounted to 18.6 trillion tenge ($39.1 billion), whereas the value of foreign currency-denominated loans decreased by 3.7 percent to 1.7 trillion tenge ($3.6 billion).
The value of long-term loans amounted to 16.9 trillion tenge in July 2022 ($35.6 billion) which is 2.4 percent more than in June 2022, whereas the value of short-term loans decreased by 2.4 percent to 3.3 trillion tenge ($7.07 billion).
Lending to ventures of small entrepreneurship amounted to 3.9 trillion tenge in July 2022 ($8.3 billion), which is 4.2 percent less than in June 2022 and is 50.1 percent of the total value of corporate loans allocated as of July 2022.
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 16.1 percent July 2022 compared to 11.6 percent in July 2021, whereas to physical entities it was 16.3 percent compared to 18.2 percent in July 2021.
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