Kazakhstan's Agency for Regulation and Development of the Financial Market published banking sector indicators as of 1 October 2025, showing continued balance-sheet and credit growth alongside stable headline asset quality. Sector assets rose 0.6% in September to KZT 67.0trn (up 8.9% since the start of the year), driven by a 1.8% increase in the loan portfolio to KZT 41.6trn, while high-liquid assets stood at KZT 19.1trn (28.4% of assets). NPL90+ remained unchanged at 3.5% of the loan book (KZT 1.5trn). The update reported 23 second-tier banks, including 15 with foreign participation (10 subsidiaries). Credit to the economy increased 1.8% in September to KZT 38.7trn (up 14.6% year-to-date), with tenge-denominated lending at KZT 35.3trn (91.2% of loans) and foreign-currency lending at KZT 3.4trn, up 6.3% partly reflecting a 2.0% tenge depreciation against the USD. Business lending rose 2.5% to KZT 14.7trn and households’ lending increased 1.3% to KZT 24.0trn, with September new lending of KZT 1.8trn to businesses and KZT 1.7trn to households; weighted-average rates on tenge loans were 21.6% for businesses and 19.7% for households (mortgages 9.9%, consumer loans 20.9%). Resident deposits grew 1.5% to KZT 43.4trn as tenge deposits increased and foreign-currency deposits fell 5.6% to KZT 9.0trn, bringing deposit dollarisation to 20.6%; sector capital rose to KZT 9.8trn with capital adequacy ratios at 19.1% (k1) and 20.3% (k2), and January–September net profit totalled KZT 2.1trn.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-11-03
Kazakhstan's Agency for Regulation and Development of the Financial Market reports September lending growth with NPL90+ steady at 3.5% and deposit dollarisation at 20.6%
Kazakhstan's Agency for Regulation and Development of the Financial Market reported banking sector growth as of 1 October 2025, with assets rising 0.6% in September to KZT 67.0 trillion and a stable NPL90+ ratio at 3.5%. Credit to the economy increased by 1.8% to KZT 38.7 trillion, driven by business and household lending, while resident deposits grew 1.5% to KZT 43.4 trillion. The sector's capital adequacy ratios remained strong at 19.1% (k1) and 20.3% (k2), with a net profit of KZT 2.1 trillion for January–September.