The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, jointly with the National Bank of Kazakhstan, held a meeting with second-tier bank executives on refining macroprudential measures and discussing steps to stimulate banks’ lending to the economy, with a focus on corporate credit. The discussion highlighted steady growth in lending to businesses, rising from KZT 9.6 trillion in 2022 to KZT 11.2 trillion in 2023, KZT 13.1 trillion in 2024 and KZT 14.9 trillion as of October 2025. Based on the results of the asset quality review (AQR), banks were assessed as having significant liquidity and capital buffers to increase corporate lending. The Agency outlined specific measures to incentivise corporate lending by second-tier banks, including for large corporates, small and medium-sized enterprises and agriculture, with participation of the Development Bank of Kazakhstan, Damu and the Agrarian Credit Corporation, and noted it has already taken a number of macroprudential measures aimed at freeing up banks’ capital. Participants also reviewed potential improvements to corporate bankruptcy procedures, including amendments developed by deputies within a draft new law on banks to accelerate procedures, strengthen protection for secured creditors, prevent deliberate bankruptcy and abuse, and shorten timeframes for considering creditor applications. Further discussions are expected on effective approaches to expand corporate lending by second-tier banks.

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