The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an update on Kazakhstan’s banking sector as of 1 August 2025, covering 22 second-tier banks, including 14 with foreign participation (10 subsidiaries). The release points to continued expansion in lending and balance sheets in July, high levels of liquid assets, and generally stable credit quality. Sector assets increased by 0.4% in July, mainly due to a 1.9% rise in the loan portfolio to KZT 39.8 trillion, while highly liquid assets totalled KZT 19.1 trillion or 29.4% of assets. Credit to the economy grew 2.2% in July to KZT 37.1 trillion, with tenge loans rising to KZT 34.0 trillion and foreign-currency loans to KZT 3.2 trillion, keeping the tenge share at 91.5%. Business lending reached KZT 14.1 trillion and household lending KZT 23.0 trillion, while July new issuance included KZT 1.7 trillion to businesses and KZT 214 billion in new mortgages. NPL90+ stood at 3.5% of the loan book (KZT 1.4 trillion), with the household NPL90+ share rising to 4.5%, and provisions covered 64.9% of non-performing loans. Liabilities rose 0.2% to KZT 55.6 trillion and resident deposits increased to KZT 42.4 trillion, driven by foreign-currency deposits, lifting dollarisation to 22.2%. The weighted average rate on tenge loans to businesses was 21.8% and to households 20.2%, while banks’ equity rose to KZT 9.5 trillion with capital adequacy ratios k1 at 19.4% and k2 at 20.8%, and net profit for January to July totalled KZT 1,641 billion.

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