The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published banking sector indicators as of 1 November 2025, showing month-on-month growth in assets and lending in October alongside stable overall asset quality. Sector assets rose 1.1% in October to KZT 67.8tn (up 10.2% since the start of 2025), driven mainly by a 1.1% increase in the loan portfolio to KZT 42.1tn. High-liquid assets stood at KZT 19.6tn, or 28.9% of assets, while NPL90+ remained unchanged at 3.5% of the loan book (KZT 1.5tn). There were 23 second-tier banks, including 15 with foreign participation (10 subsidiaries). Loans to the economy increased 1.2% in October to KZT 39.1tn (up 15.9% since the start of 2025), with tenge lending at KZT 35.5tn (90.8% share) and foreign-currency lending at KZT 3.6tn; business lending rose 1.4% to KZT 14.9tn and household lending 1.0% to KZT 24.3tn. New lending totalled KZT 2.0tn to businesses and KZT 1.6tn to households in October, while average interest rates on new tenge loans were 22.0% for businesses (19.9% large corporates, 19.4% SMEs, 31.0% individual entrepreneurs) and 19.8% for households (9.4% mortgages, 21.2% consumer). Liabilities increased 1.0% to KZT 57.8tn, with resident deposits up 2.8% to KZT 44.7tn and deposit dollarisation at 21.2%; average rates on term tenge deposits were 16.3% for non-bank corporates and 14.6% for individuals. Own capital rose 2.1% to KZT 10.0tn, capital adequacy ratios were k1 19.3% and k2 20.5%, and banks reported KZT 2.3tn in net profit for January–October (ROA 4.3%, ROE 29.3%).

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