Banks in Kazakhstan intensify competition for reliable customers by offering favourable refinancing rates

09.07.2019

The loan portfolio of Kazakhstan banks is declining, moreover, its quality is getting worse. As of May, the total volume of loans of the banking sector of Kazakhstan amounted to only 13.27 trillion tenge, against 13.4 trillion tenge a year earlier, 1% less.

The toxic loans with overdue payments over 90...