The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published a snapshot of the banking sector as of 1 May 2025, showing continued balance-sheet expansion and stable reported asset quality. The sector comprised 21 second-tier banks (including 13 with foreign participation, nine of them subsidiaries), with assets up 1.0% in April to KZT 62.6 trillion, mainly driven by a 1.5% increase in the loan portfolio to KZT 37.2 trillion. Loans to the economy rose 2.0% in April to KZT 35.0 trillion, with tenge lending up 2.1% to KZT 32.3 trillion and foreign-currency lending up 0.5% to KZT 2.7 trillion, partly reflecting positive revaluation after a 1.6% tenge weakening against the US dollar. Business lending increased 2.9% to KZT 13.3 trillion (large business KZT 5.0 trillion; SMEs KZT 5.8 trillion; individual entrepreneurs KZT 2.5 trillion) and households credit grew 1.5% to KZT 21.7 trillion (consumer KZT 14.7 trillion; mortgages KZT 6.2 trillion). The weighted-average interest rate on tenge loans to business fell to 21.3%, while the weighted-average rate on tenge loans to households rose to 19.9% as consumer loan rates increased to 21.2%; the NPL90+ ratio was unchanged at 3.4% (KZT 1.3 trillion) and provision coverage increased to 67.7%. Funding growth was led by deposits, with liabilities up 1.8% in April to KZT 53.6 trillion and client deposits accounting for 80.3% (KZT 43.0 trillion). Resident deposits rose 2.1% to KZT 41.3 trillion and deposit dollarization eased to 22.8%; average rates on tenge time deposits increased to 15.4% for non-bank legal entities and 14.0% for individuals. Equity capital fell 3.3% in April to KZT 9.0 trillion, while capital adequacy ratios were reported at 19.5% (k1) and 21.0% (k2); banks recorded net profit of KZT 905 billion in January to March, with ROA at 4.5% and ROE at 31.6% as of 1 May 2025.

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