The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published banking sector indicators as of 1 April 2025, showing March growth in assets, lending and deposits alongside a small increase in overdue loans. The sector comprised 21 second-tier banks, including 12 with foreign participation (nine subsidiaries). Total assets rose 1.6% in March to KZT 62.0 trillion, largely reflecting a 2.0% increase in the loan portfolio to KZT 36.7 trillion, while loans to the economy increased 1.5% to KZT 34.3 trillion. Business lending rose 1.8% in March to KZT 12.9 trillion (down 1.0% since the start of 2025), with loans to large businesses up 10.5% to KZT 5.0 trillion and loans to small and medium-sized enterprises down 5.4% to KZT 5.6 trillion due to reclassification of one bank’s exposures; lending to individual entrepreneurs increased 3.1% to KZT 2.4 trillion. New loans to businesses totalled KZT 1.4 trillion in March (up 7.5% year on year), and KZT 3.9 trillion in the first quarter (in line with the same period of 2024). Household lending increased 1.3% to KZT 21.4 trillion, driven by a 1.9% rise in consumer loans to KZT 14.4 trillion; weighted average tenge lending rates rose to 21.6% for business (from 20.9%) and to 19.7% for households (from 18.6%). The NPL90+ ratio edged up to 3.4% of the loan book (KZT 1.2 trillion), with NPL90+ at 4.2% for households (KZT 894 billion) and 2.3% for business (KZT 338 billion), while provision coverage was 67.1%. Liabilities grew 1.7% to KZT 52.6 trillion, with client deposits at KZT 41.8 trillion (79.3% of liabilities); resident deposits increased 0.1% to KZT 40.5 trillion as foreign-currency deposits rose to KZT 9.4 trillion and tenge deposits fell to KZT 31.1 trillion, lifting deposit dollarisation to 23.2%. Equity rose 0.9% to KZT 9.3 trillion and capital adequacy ratios were 20.6% (k1) and 22.1% (k2), while banks reported KZT 664 billion net profit for January–March (up 16.6% year on year).

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