Kazakhstan's Agency for Regulation and Development of the Financial Market published its banking sector update as of Oct. 1, 2026, showing growth in assets and lending in September but lower profits for January to September. Banking assets rose 1.5% during September to KZT 76.8 trillion, while lending to the economy increased 0.6% to KZT 43.1 trillion. Net profit for January to September totaled KZT 1.812 trillion, down 11.6% from the same period in 2025. Business lending grew 0.4% in September to KZT 16.4 trillion, supported by loans to small and medium-sized enterprises, while household lending increased 0.7% to KZT 26.7 trillion. New lending showed a sharper divergence between the two segments. Banks issued KZT 2.0 trillion in new business loans, up 15.1% from September 2025, driven mainly by a 41.7% increase in new loans to small and medium-sized enterprises. New household loans fell 8.8% to KZT 1.6 trillion, mainly reflecting a 7.6% decline in unsecured consumer loan issuance. Resident deposits increased 2.6% in September to KZT 51.5 trillion, led by growth in corporate deposits. Deposit dollarization rose to 18.7% from 18.3% in August as foreign currency deposits grew faster than deposits in tenge. Loans overdue by more than 90 days represented 3.9% of the loan portfolio, down 0.1 percentage point, while provision coverage increased 1.2 percentage points to 61.5%. Highly liquid assets accounted for 29.8% of total assets. Core and total capital adequacy ratios stood at 19.5% and 20.3%, respectively, substantially above regulatory requirements.

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