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Kazakhstan reveals banking sector credit, deposit change dynamics

Kazakhstan Materials 27 March 2023 18:49 (UTC +04:00)
Kazakhstan reveals banking sector credit, deposit change dynamics
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, March 27. The volume of deposits made by individuals in Kazakhstan for January 2023 reached 16.9 trillion Kazakh tenge ($36.9 billion), Trend reports, citing the Agency of Kazakhstan for Regulation and Development of Financial Market.

This constitutes a decrease of 0.8 percent compared to January 1, 2023 figures.

The total assets of the second-tier banks operating in Kazakhstan also decreased by 1.2 percent to 44.02 trillion ($96.12 billion) from 44.56 trillion Kazakh tenge ($97.39 billion) compared to the prior month.

Loans issued to legal entities amounted to 4.33 trillion Kazakh tenge ($9.46 billion), which accounts for 17.96 percent of the total loan portfolio. The current figures constitute a small drop of 0.4 percent.

Meanwhile, the volume of loans issued to individuals reached 13.27 trillion Kazakh tenge ($29 billion), which is an increase of 0.7 percent compared to January 1, 2023. The share of the loans issued to individuals amounted to 54.4 percent of the overall loan portfolio.

The volume of the non-performing loans (NPL) amounted to 824.1 billion Kazakh tenge ($1.8 billion), which is an equivalent of 3.41 percent of the loan portfolio.

Total deposits amount to 31.14 trillion Kazakh tenge ($68.06 billion), which is a decrease of 1.4 percent from 31.59 trillion Kazakh tenge ($69.04 billion) registered on 1 January 2023.

The share of legal entities’ deposits (46.1 percent of the total) amounts to 14.36 trillion Kazakh tenge ($31.38 billion), down by 2.1 percent from 14.67 trillion recorded earlier.

Meanwhile, the share of deposits (53.6 percent of the total) placed to banks by individuals amounted to 16.78 trillion Kazakh tenge ($36.67 billion), which amounts to a slight drop of 0.8 percent.

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