The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published its banking sector update showing that assets across 23 second-tier banks rose 1.9% in July to KZT 75.6 trillion as of Aug. 1, 2026, largely because of growth in liquid assets. Highly liquid assets represented 30.7% of total assets. The loan portfolio increased 0.4% to KZT 42.1 trillion, driven by a 1.2% rise in household lending to KZT 26.1 trillion, while business lending declined 0.7% to KZT 16 trillion following large early repayments and foreign currency loan revaluation. New lending totaled KZT 3.8 trillion, up 10.7% from July 2025, including a 23.6% increase in new business loans. Loans more than 90 days past due remained at 4.1% of the portfolio, or KZT 1.9 trillion, with provision coverage of 60.4%. Resident deposits increased 1.5% to KZT 50.9 trillion, while deposit dollarization fell to 19.1% as tenge deposits grew and the currency strengthened against the U.S. dollar. Capital rose 1.9% to KZT 11.4 trillion, with core and total capital adequacy ratios of 19.9% and 20.7%, respectively. Banks recorded KZT 1.396 trillion in net profit from the start of 2026, down 14.9% from the corresponding period of 2025, while return on assets and return on equity eased to 3.5% and 23.2%.
2026-09-03Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports bank assets at KZT 75.6 trillion as retail lending drives July growth
Kazakhstan’s financial market regulator reported that banking sector assets rose 1.9% in July to KZT 75.6 trillion, while loans increased 0.4% to KZT 42.1 trillion as household lending offset a decline in business credit. Loans more than 90 days past due held at 4.1%, and capital adequacy ratios remained above 19%. Deposits grew to KZT 50.9 trillion, while year-to-date net profit fell 14.9% to KZT 1.396 trillion.