The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published supervisory statistics on the banking sector as at 1 February 2026, showing a 0.9% fall in sector assets in January to KZT 70.1 trillion and a 3.8% drop in resident deposits to KZT 46.2 trillion, alongside a 0.5% decline in loans to the economy to KZT 40.0 trillion. Reported asset quality indicators remained moderate, with NPL90+ at 3.8% of the loan portfolio, and capital adequacy ratios well above statutory minima. The sector comprised 23 second-tier banks, including 15 banks with foreign participation (10 subsidiaries). The loan portfolio increased 1.1% to KZT 43.0 trillion, with highly liquid assets at KZT 20.7 trillion (29.5% of assets); tenge-denominated loans fell 0.6% to KZT 36.2 trillion while foreign-currency loans were unchanged at KZT 3.7 trillion (tenge share 90.7%). Corporate lending outstanding declined 1.7% to KZT 15.2 trillion (SME loans down 2.5% to KZT 6.7 trillion and large business loans down 1.7% to KZT 5.4 trillion), while household lending rose 0.2% to KZT 24.8 trillion as mortgages increased 0.5% to KZT 7.0 trillion and consumer lending stayed at KZT 16.7 trillion; banks issued KZT 2.6 trillion in new loans during January, up 11.6% year on year. Average weighted interest rates rose to 22.7% on tenge loans to businesses and to 20.8% on household loans; NPL90+ stood at 4.5% for household portfolios and 3.0% for business portfolios, with non-performing loan provisioning coverage at 61.1%. On the funding side, liabilities fell 1.4% to KZT 59.3 trillion, client deposits accounted for KZT 47.2 trillion (79.6% of liabilities), foreign-currency deposits declined 5.9% to KZT 9.5 trillion and dollarisation eased to 20.7%; sector equity grew 1.7% to KZT 10.8 trillion, and January net profit totalled KZT 199 billion (down 13.1% year on year).

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