Baku, Azerbaijan, August 2
Trend:
The volume of lending to the sphere of agro-industrial complex (agribusiness) decreased by 13 percent over the year in Kazakhstan, Finprom.kz said.
At the same time, the volume of overdue loans accounted for 16 percent of the total amount of loans allocated to this sector.
The volume of lending to the country’s agribusiness sector amounted to 632.3 billion tenges at the end of May this year. This is slightly more than a month earlier (+0.5 percent), but it is as much as 13 percent less compared to May last year.
The lending to livestock and crop production (-13.1 percent per year), and the lending to the fishing sector (-17.1 percent per year) has dropped. Only the lending to forestry has increased by as many as 2.2 times over the year (accounting for 0.1 percent of the total lending to agriculture).
The share of agriculture in the loan portfolio of the second-tier banks was only five percent in May. For comparison, this figure reached 5.8 percent in May last year.
Around 358.1 billion tenges of agricultural loans fall to the share of Astana (-13 percent over the year) and 136.3 billion tenges accounted for Almaty (-31.5 percent over the year).
The volume of overdue debts reached 100.5 billion tenges, which is 14.4 percent more than a year earlier and accounts for 15.9 percent of the total loan portfolio against 12.1 percent a year ago.
The worst performance was recorded in the forestry sector, where the share of overdue debts accounts for 36.4 percent the total loan portfolio in this sector. However, this figure reached 78.1 percent a year earlier.
The official exchange rate on August 2 is 348.21 KTZ / USD.
