Kazakh banks increase loan issuance in national currency

Kazakhstan Materials 28 September 2016 19:12 (UTC +04:00)

Baku, Azerbaijan, Sept. 28

By Elena Kosolapova – Trend:

Kazakh banks increased loan issuance in national currency, tenge, by 0.8 percent to 8.31 trillion tenges (337.16 tenges = $1) in August as compared to July, Kazakh National Bank said.

Loan issuance in foreign currency decreased by 3.2 percent – to 4.36 trillion tenges in August.

In total Kazakh banks issued 12.66 trillion tenges in loans to businesses in August 2016, which is 0.6 percent less than in the previous month.

The share of loans in tenge hit 65.6 percent in late August as compared to 64.7 percent in late July and 66.3 percent in late December 2015.

Issuance of long-term loans decreased by 0.3 percent to 10.50 trillion tenges, and short-term loan issuance fell by 2.4 percent to 2.16 trillion tenges in August.

Issuance of loans to legal entities decreased by 1 percent to 8.63 trillion tenges, while issuance of loans to individuals increased by 0.1 percent to 4.03 trillion tenges in August.

As much as 20.4 percent of all the loans were provided to trade sector, 13.5 percent to industry, 8.1 percent to construction, 5.8 percent to agriculture and 4.7 percent to transportation.