BAKU, Azerbaijan, Jun. 27
By Nargiz Sadikhova – Trend:
Loans allocated by Kazakhstan’s second-tier banks to the country’s economy amounted to 13.9 trillion tenge ($34.7 billion) as of Jun. 1, 2020, Trend reports with reference to Kazakhstan’s National Bank.
The data said that 7.3 trillion tenge ($18.1 billion) of the sum was allocated to the non-bank legal entities, whereas 6.6 trillion tenge ($16.6 billion) was allocated to the physical entities.
The largest share of the loans to non-bank legal entities accounted for tenge-denominated long-term loans (3.5 trillion tenge or $8.7 billion), whereas the largest part of the loans to the physical persons also were tenge-denominated long-term loans (6.3 trillion tenge or $15.8 billion).
In turn, the largest share of the lending accounted for entities operating in industrial spheres of economy; a total of 1.9 trillion tenge ($4.8 billion) worth of loans accounted for industry.
The industry is followed by trade, as a total of 1.6 trillion tenge ($4.2 billion) tenge accounted for entities operating in the country’s trade.
The value of loans to entities operating in construction stood at 651.7 billion ($1.6 billion), whereas 527.7 billion tenge ($1.3 billion) worth of loans accounted for transport, 270.1 billion tenge ($672.1 million) for agriculture, and 139.5 billion tenge ($374.2 million) accounted for entities operating in communications.
The remaining 8.7 trillion tenge ($21.7 billion) worth of loans accounted for entities operating in other economic spheres.
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