BAKU, Azerbaijan, August 3
By Nargiz Sadikhova - Trend:
The value of lending allocated by Kazakhstan’s second-tier banks to the country’s economy amounted to 15.7 trillion tenge ($36.6 billion) as of the end of June 2021, which is 0.5 percent more than in May 2021, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons decreased by 3.5 percent amounting to 7.1 trillion tenge ($16.7 billion), whereas lending value to physical persons was 8.5 trillion tenge ($19.9 billion) which is 4.2 percent more than in May 2021.
According to the bank, the value of tenge-denominated loan value increased by 1.2 percent and amounted to 13.7 trillion tenge ($32.1 billion), whereas the value of foreign currency-denominated loans decreased by 4.2 percent to 1.9 trillion tenge ($4.4 billion).
The value of long-term loans amounted to 13.4 trillion tenge in June 2021 ($31.3 billion) which is 0.3 percent more than in May 2021, whereas the value of short-term loans increased by 1.6 percent to 2.2 trillion tenge ($5.2 billion).
Lending to ventures of small entrepreneurship amounted to 2.7 trillion tenge in June 2021 ($6.3 billion), which is 3.6 percent less than in May 2021 and is 17.3 percent of the total value of loans allocated as of June 2021.
The largest share of loans accounts for industry (30.1 percent), trade (21.4 percent), construction (7.1 percent), and transport (6 percent).
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 116 percent in June 2021 compared to 11 percent in June 2020, whereas to physical entities it was 16.6 percent compared to 16.9 percent in June 2020.
---
Follow the author on Twitter: @nargiz_sadikh
