The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an update on the banking sector as of 1 July 2025, reporting continued expansion in lending and deposits in June alongside broadly stable asset quality and capital adequacy remaining above statutory norms. As of 1 July 2025, Kazakhstan had 22 second-tier banks, including 14 with foreign participation (10 subsidiaries). Loans to the economy rose by 2.3% in June to KZT 36.3 trillion (up 7.6% since the start of 2025), with lending in national currency up 2.0% to KZT 33.4 trillion and foreign-currency lending up 6.4% to KZT 2.9 trillion. Business lending increased 2.7% to KZT 13.7 trillion, while household lending rose 2.1% to KZT 22.6 trillion. The NPL90+ ratio was unchanged at 3.4% (KZT 1.3 trillion), with household NPL90+ at 4.3% (KZT 976 billion) and business NPL90+ at 2.2% (KZT 343 billion), and provision coverage at 65.9%. Resident deposits grew 1.8% to KZT 42.2 trillion, driven by a rise in national-currency deposits and a decline in foreign-currency deposits, lowering deposit dollarisation to 21.6% from 22.9% a month earlier; equity rose 2.9% to KZT 9.3 trillion, and banks reported net profit of KZT 1.4 trillion for January to June 2025.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-07-30
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports June lending growth and deposit dollarisation falling to 21.6%
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reported continued growth in lending and deposits as of 1 July 2025, with asset quality stable and capital adequacy above statutory norms. Loans to the economy increased by 2.3% in June to KZT 36.3 trillion, while resident deposits rose 1.8% to KZT 42.2 trillion, reducing deposit dollarisation to 21.6%. The banking sector's net profit for the first half of 2025 was KZT 1.4 trillion.