The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published its update on organisations carrying out microfinance activities as of 1 October 2025, reporting a 1.7% quarter-on-quarter decline in sector assets to KZT 3.5 trillion and a 3.7% fall in the loan portfolio to KZT 3.0 trillion. The release also summarised supervisory actions taken in the third quarter, including administrative penalties and licence measures. The sector comprised 215 microfinance organisations, 209 credit partnerships and 473 pawnshops. Asset composition was led by microfinance organisations (KZT 1.7 trillion, 47.8%), followed by credit partnerships (KZT 1.3 trillion, 37.0%) and pawnshops (KZT 526 billion, 15.2%). Business microcredits fell 7.7% to KZT 1.8 trillion, which the agency linked mainly to the conversion of KMF into a second-tier bank, while microcredits to individuals increased 2.3% to KZT 1.3 trillion largely due to growth in pawnshop lending; NPL90+ was 4.4% (4.6% at 1 January 2025). Liabilities decreased 5.7% to KZT 2.2 trillion, with borrowings accounting for 66.8% (KZT 1.4 trillion), while equity increased 5.8% to KZT 1.3 billion. Enforcement outcomes included 148 administrative sanctions, comprising 126 protocols totalling KZT 102.9 million, 18 written orders, one licence suspension for up to 90 days and three licence revocations, primarily linked to non-compliance with written orders and systematic breaches of Kazakhstan’s legislation.

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