BAKU, Azerbaijan, Jul. 30
By Nargiz Sadikhova - Trend:
Value of lending allocated by Kazakhstan’s second tier banks to the country’s economy amounted to 13.9 trillion tenge ($33.4 billion) as of the end of June 2020, which is 0.3 percent less than in May 2020, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons decreased by 2 percent amounting to 7.1 trillion tenge ($17.1 billion), whereas lending value to physical persons was 6.7 trillion tenge ($16.2 billion) which is 1.5 percent more than in May 2020.
According to the bank, the value of tenge-denominated loans value amounted to $11.7 trillion tenge ($28.1 billion), which is 0.9 percent more than in May 2020. Value of foreign currency denominated loans decreased by 6.2 percent to 2.1 trillion tenge ($5.2 billion).
The value of long term loans amounted to 11.8 trillion tenge in June 2020 ($28.5 billion) which is 0.4 percent less than in May 2020, whereas value of short term loans increased by 0.4 percent to 2.05 trillion tenge ($4.9 billion).
Lending to ventures of small entrepreneurship amounted to 2.1 trillion tenge in June 2020 ($5.1 billion), which is 2.1 percent more than in May 2020 and is 15.4 percent of the total value of loans allocated as of June 2020.
The largest share of loans accounts for industry (13.5 percent), trade (12 percent), construction (5 percent) and transport (3.6 percent).
Weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 11 percent in June 2020 compared to 11.7 percent in June 2019, whereas to physical entities it was 16.9 percent compared to 17.3 percent in June 2019.
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