BAKU, Azerbaijan, April 29. The value of lending allocated by Kazakhstan’s second-tier banks amounted to 19.2 trillion tenge ($42.7 billion) as of the end of March 2022, which is 0.6 percent more than in February 2022 and 30 percent more than during the same month last year, Trend reports with reference to Kazakhstan’s National Bank.
The value of lending to legal persons decreased by 0.2 percent amounting to 8.05 trillion tenge ($17.9 billion), whereas lending value to physical persons was 11.1 trillion tenge ($24.8 billion) which is 1.2 percent more than in February 2022.
According to the bank, the value of tenge-denominated loan value increased by 1.7 percent and amounted to 17.3 trillion tenge ($38.5 billion), whereas the value of foreign currency-denominated loans decreased by 8 percent to 1.8 trillion tenge ($4.1 billion).
The value of long-term loans amounted to 15.9 trillion tenge in Marcj 2022 ($35.4 billion) which is 0.2 percent more than in February 2022, whereas the value of short-term loans increased by 2.8 percent to 3.2 trillion tenge ($7.2 billion).
Lending to ventures of small entrepreneurship amounted to 4.5 trillion tenge in March 2022 ($10.07 billion), which is 16.4 percent more than in March 2021 and is 56.3 percent of the total value of corporate loans allocated as of March 2022.
The weighted average remuneration rate on tenge denominated loans to non-bank legal entities was 14.5 percent March 2022 compared to 11.5 percent in March 2021, whereas to physical entities it was 18 percent compared to 17 percent in March 2021.