The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published monthly indicators for the banking sector as of 1 March 2026. The sector comprised 23 second-tier banks (15 with foreign participation, including 10 subsidiaries) and reported a 0.1% decline in assets over February to KZT 70.0tn, driven by a 1.2% fall in liquid assets to KZT 25.0tn; high-quality liquid assets stood at KZT 20.8tn (29.6% of assets). Credit to the economy increased 0.4% in February to KZT 40.2tn, supported by household lending, while tenge-denominated loans rose 0.6% to KZT 36.5tn and foreign-currency loans fell 1.4% to KZT 3.7tn, lifting the tenge share to 90.8%. Banks issued KZT 3.0tn in new loans during the month (+1.4% year on year), including KZT 1.6tn to businesses (+12.2% year on year); outstanding business loans rose 0.3% to KZT 15.2tn, with large corporate lending down 13.1% to KZT 4.7tn and SME lending up 10.9% to KZT 7.4tn due to a reclassification of one bank’s exposures. Household loans grew 0.5% to KZT 24.9tn (consumer loans up 0.7% to KZT 16.8tn and mortgages up 0.4% to KZT 7.0tn); the weighted-average rate on business tenge loans held at 22.7% while the weighted-average rate on household loans fell to 19.8% as the consumer loan rate declined to 20.4%. NPL90+ stood at 3.9% of the loan portfolio (KZT 1.7tn) with provisioning coverage of 61.6%; liabilities fell 0.5% to KZT 59.0tn and remained largely funded by client deposits (79.9% of liabilities, KZT 47.2tn), while deposit dollarization was unchanged at 20.7%. Equity rose 2.2% to KZT 11.0tn (k1 at 20.5% and k2 at 21.2%), and February net profit totalled KZT 389bn (down 13.4% year on year), with ROA at 4.0% and ROE at 26.9% as of 1 March 2026.

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