BAKU, Azerbaijan, Nov. 30
By Nargiz Sadikhova - Trend:
The volume of deposits in Kazakhstan’s deposit organizations amounted to 21.9 trillion tenge ($51.8 billion) in Oct. 2020, which is 2.6 percent more compared to Sept. 2020, Trend reports with reference to the data of Kazakhstan’s National Bank.
Deposits of legal persons increased in value by 4.1 percent to 11.5 trillion tenge ($27.4 billion), whereas deposits of physical persons increased by 1.1 percent to 10.3 trillion tenge ($24.4 billion).
In turn, the value of deposits denominated in the national currency (tenge) increased by 2.8 percent in a month to 12.9 trillion tenge ($30.6 billion), whereas the value of deposits denominated in foreign currency increased by 2.5 percent to 8.9 trillion tenge ($21.1 billion).
The deposits dollarization level stood at 40.8 percent in Oct. 2020 compared to 43.1 in Dec. 2019.
Tenge denominated deposits of legal entities increased by 3.8 percent in Oct. 2020 has amounted to 6.8 trillion tenge ($16.2 billion), whereas foreign currency denominated deposits of legal entities increased by 4.6 percent to 4.7 trillion tenge ($11.1 billion).
Meanwhile, tenge denominated deposits of physical entities increased by 1.6 percent to 6.1 trillion tenge ($14.4 billion), whereas foreign currency denominated deposits of physical entities increased by 0.2 percent to 4.2 trillion tenge ($10.01 billion).
The value of time deposits amounted to 14.8 trillion tenge ($35.1 billion), having increased by 2.3 percent in Oct. 2020 compared to Sept. 2020.
The weighted average remuneration rate on time deposits of non-bank legal entities in tenge amounted to 7 percent in Oct. 2020 compared to 7.2 percent in Oct. 2019, whereas the weighted average remuneration rate on deposits of physical entities was 9.5 percent compared to 9.2 percent in Oct. 2019.
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