ASTANA, Kazakhstan, November 19. In Kazakhstan, the volume of loans to the economy increased by 14.6 percent from January through September 2025, reaching 38.7 trillion tenge (approximately $74.3 billion), Madina Abylkassymova, Chairwoman of the Agency for Regulation and Development of the Financial Market, said at a government meeting, Trend reports via the Kazakh government.
She observed a marked deceleration in the growth of unsecured loans within the consumer sector. In 2024, the growth rate was recorded at 29.3 percent, whereas it dropped to 12.7 percent during the first nine months of the current year.
In contrast, Abylkassymova highlighted that the primary growth driver came from secured loans, particularly auto loans, which expanded by 32.2 percent, totaling 4.8 trillion tenge ($9.2 billion).
She further emphasized that the average annual growth rate for business loans over the past five years stood at 14.4 percent. Over this period, the business loan portfolio increased 1.7 times, reaching 14.7 trillion tenge ($28.2 billion). Within the corporate lending structure, 44 percent of loans were directed toward small and medium-sized enterprises (SMEs), 36 percent to large businesses, and 20 percent to individual entrepreneurs.
Additionally, she pointed out that, under the Joint Action Program involving the Government, the National Bank, and the Agency, comprehensive measures will be undertaken to stimulate business lending and curb household debt.
As of November 19, 2025, according to the official exchange rate of the National Bank of Kazakhstan, 1 USD equals 521.01 KZT.