Kazakh banking sector assets increase by 17.9% over year

National Bank of Kazakhstan

National Bank of Kazakhstan

Kazakh banking sector: The total assets of Kazakhstan’s banking sector in Kazakhstan grew by 17.9% last year, according to statistics released by its National Bank this week. The volume of residents’ deposits increase by 15.9% and foreign currency deposits by 72.2%, while national currency deposits were down by 17.7%. The total volume of bank lending to the economy increased by 7.2%, nearly 15% of which was in loans to the small business sector. There are currently 38 licensed banks operating in Kazakhstan.  News.Kaz