The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published its August banking sector update, showing continued credit growth led by business lending, while liquidity, asset quality and capital remained sound. Total assets rose 0.1% to KZT 75.7 trillion, and loans to the economy increased 1.7% to KZT 42.8 trillion. The ratio of loans more than 90 days overdue, or NPL90+, fell 0.1 percentage point to 4.0% as of Sept. 1, 2026. Business loans grew 2.3% to KZT 16.4 trillion, with monthly increases across all borrower categories. New business lending reached KZT 2.1 trillion, up 26.2% from August 2025, reflecting higher issuance to small and medium-sized enterprises and large companies. Household credit rose 1.2% to KZT 26.5 trillion, including consumer loans of KZT 17.6 trillion and mortgages of KZT 7.8 trillion. The weighted average rate on tenge business loans declined 0.2 percentage point to 21.3%, while the household rate increased 0.3 percentage point to 20.6%. Resident deposits declined 1.5% to KZT 50.2 trillion as corporate and foreign currency balances fell. Deposit dollarization decreased to 18.3%, partly reflecting the tenge’s 2.4% appreciation against the U.S. dollar. Highly liquid assets represented 30.6% of total assets, while core and total capital adequacy ratios stood at 19.5% and 20.2%, respectively. Banks earned KZT 1.61 trillion from the start of 2026, down 13.6% from the same period of 2025.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports credit growth to KZT 42.8 trillion and lower NPL90+ ratio of 4.0%
Kazakhstan’s banking sector recorded a 1.7% rise in loans to the economy to KZT 42.8 trillion in August, led by business credit growth. The NPL90+ ratio declined to 4.0%, while capital ratios remained above regulatory requirements. Resident deposits fell 1.5% and year-to-date net profit declined 13.6% to KZT 1.61 trillion.