Loans to economy in the expanded definition have increased by 21,7% for 2022 and as of January 1, 2023 amounted to 28,9 trillion tenge, of which 49,9% are loans to business (non-financial legal entities and individual entrepreneurs who have received loans for business purposes), 50,1% are loans to the population. Loans to businesses have increased by 12,9% to 14,4 trillion tenge for 2022, loans to the population by 32,0% to 14,5 trillion tenge. The volume of loans in national currency increased by 25,0% to 26,3 trillion tenge, in foreign currency decreased by 3,2% to 2,7 trillion tenge (including due to their currency revaluation). Loans from the banking sector accounted for 85,6% of the total volume of loans.
Loans to economy in an expanded definition are balances of actual debt on loans:
- banking sector (second-tier banks, including JSC “Otbasy Bank”, and JSC “Development Bank of Kazakhstan”),
- mortgage organizations (JSC “Kazakhstan Housing Company”, JSC “Express Finance” Mortgage Organization”),
- other public sector corporations (subsidiary organizations of JSC “NMH “Baiterek” carrying out lending to the real sector: JSC “Agrarian Credit Corporation”, JSC “KazAgroFinance”, JSC “Industry Development Fund”, JSC “Kazyna Capital Management”),
- organizations engaged in microfinance activity (microfinance organizations, credit partnerships and pawnshops).
The data are categorized as loans to business (loans to legal entities and individual entrepreneurs for business purposes) and loans to population (loans to individuals for purposes not related to business).
More information about loans from the banking sector and second-tier banks is available at the links:
Loans from second-tier banks - summary data on debt volumes and interest rates