Volume of currency loans increases in Kazakhstan

Kazakhstan Materials 5 May 2016 20:54 (UTC +04:00)

Baku, Azerbaijan, May 5

By Elena Kosolapova - Trend:

The volume of the foreign currency loans (14 percent of the total retail loan portfolio) issued by Kazakh banks increased by 43 percent in a year (March 2015-March 2016), the Ranking.kz analytical service reports.

The volume of the retail loans in Kazakh tenge, which account for 85 percent of the portfolio, decreased by 3 percent during the year.

During the year, the retail loan portfolio increased in total by only 1 percent - up to four trillion tenges ($1=329.21 tenges) despite the revaluation of foreign currency assets at the new rate.

Excluding the revaluation, the real volume of loans to individuals decreased in Kazakhstan.

The main segments of retail lending - mortgages and consumer loans - have the same weak dynamics.

Nevertheless, the share of consumer loans in the portfolio remains high - at 62 percent, while the share of the mortgages is 22 percent.

The consumer loans per capita decreased in all the Kazakh regions by an average of 3,200 tenges.

Edited by EA


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