ASTANA, Kazakhstan, September 9. The financial stability of Kazakhstan’s banking system remains strong, as banks' equity capital has grown to 9.5 trillion tenge ($18.05 billion)—up 6.8 percent since the beginning of the year, Trend reports.
Capital adequacy ratios significantly exceed regulatory requirements: the Tier 1 capital ratio (k1) stands at 19.4 percent, and the total capital ratio (k2) at 20.8 percent.
Banks’ liabilities reached 55.6 trillion tenge ($105.64 billion), a 5.6 percent increase year-to-date, while resident deposits totaled 42.4 trillion tenge ($80.56 billion). Retail deposits showed steady growth (+1.6 percent in July), reflecting a high level of public confidence in the banking sector.
The dollarization level rose slightly to 22.2 percent, mainly due to the revaluation of foreign currency deposits, indicating the system's heightened sensitivity to exchange rate fluctuations.
From January through July 2025, Kazakhstan’s banks earned 1.64 trillion tenge ($3.12 billion) in net profit—an 18.2 percent increase year-on-year. Return on assets (ROA) rose to 5 percent, and return on equity (ROE) to 34.6 percent.
Thus, despite growing challenges related to the expansion of consumer lending and increased dollarization, Kazakhstan’s banking system remains highly resilient and continues to effectively fulfill its role as a financial intermediary, supporting the country’s economic growth.
