BAKU, Azerbaijan, Nov. 30
By Nargiz Sadikhova - Trend:
The value of lending allocated by Kazakhstan’s second-tier banks to the country’s economy amounted to 14.4 trillion tenge ($34.1 billion) as of the end of Oct. 2020, which is 0.7 percent more than in Sept. 2020, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons increased by 0.3 percent amounting to 7.2 trillion tenge ($17.2 billion), whereas lending value to physical persons was 7.1 trillion tenge ($16.9 billion) which is 1.6 percent more than in Sept. 2020.
According to the bank, the value of tenge-denominated loan value increased by 1.2 percent and amounted to 12.3 trillion tenge ($29.1 billion), whereas the value of foreign currency-denominated loans decreased by 2.4 percent to 2.1 trillion tenge ($5.05 billion).
The value of long-term loans amounted to 12.4 trillion tenge in Oct. 2020 ($29.4 billion) which is 0.7 percent more than in Sept. 2020, whereas the value of short-term loans increased by 0.6 percent to 2 trillion tenge ($4.7 billion).
Lending to ventures of small entrepreneurship amounted to 2.2 trillion tenge in Oct. 2020 ($5.4 billion), which is 2.9 percent more than in Sept. 2020 and is 15.9 percent of the total value of loans allocated as of Oct. 2020.
The largest share of loans accounts for industry (13.6 percent), trade (11.5 percent), construction (5 percent), and transport (3.4 percent).
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 11.8 percent in Oct. 2020 compared to 12 percent in Oct. 2019, whereas to physical entities it was 16.9 percent compared to 18 percent in Oct. 2019.
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