10.Feb .2021 22:30

Volume of Deposits in Kazakhstan 0.7% Up, Lending – 0.2% Down

Volume of Deposits in Kazakhstan 0.7% Up, Lending – 0.2% Down
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The volume of deposits of residents of Kazakhstan in depository institutions at the end of December 2020 amounted to US$ 52,828,180,241 (22,089.7 billion tenge), having increased by 0.7% within a month. The volume of lending by banks to the economy at the end of December 2020 amounted to US$ 34,971,582,343 (14,623.1 billion tenge), having decreased by 0.2% over the month. 
 
According to the National Bank of Kazakhstan, deposits of legal entities decreased over the month by 2.0% to US$ 27,018,788,481 (11,297.7 billion tenge), deposits of individuals increased by 3.6% to US$ 25,809,630,913 (10,792.1 billion tenge).
 
The volume of deposits in the national currency over the month increased by 4.0% to US$33,136,322,221 (13,855.7 billion tenge), while foreign currency deposits decreased by 4.5% to US$ 19,691,858,020 (8,234.0 billion tenge). The dollarization level at the end of December 2020 was 37.3% (in December 2019 – 43.1%).
 
Deposits of legal entities in the national currency in December 2020 increased by 1.3% to US$ 17,230,973,650 (7,205.0 billion tenge), while foreign currency deposits decreased by 7.2% to US$9,787,814,831 (4,092.7 billion tenge), 36.2% of deposits of legal entities.
 
Deposits of individuals in tenge increased by 7.1% to US$ 15,905,348,571 (6,650.7 billion tenge), while foreign currency deposits decreased by 1.5% to US$9,904,282,342 (4,141.4 billion tenge), 38.4% of deposits of individuals.
 
The volume of term deposits amounted to US$36,541,621,788 (15,279.6 billion tenge), having increased over the month by 3.7%. In their structure, deposits in the national currency amounted to US$22,711,882,104 (9,496.8 billion tenge), in the foreign currency it is US$13,829,978,837 (5,782.9 billion tenge).
 
The weighted average interest rate on term deposits in the national currency of non-bank legal entities was 7.3% (in December 2019 – 7.4%), on deposits of individuals – 9.2% (9.0%).
 
The volume of lending by banks to the economy at the end of December 2020 amounted to US$ 34,971,582,343 (14,623.1 billion tenge), having decreased by 0.2% over the month, an increase from the year beginning by 5.5%. The volume of loans to legal entities decreased by 2.6% to US$16,972,688,410 (7,097.0 billion tenge), for individuals it increased by 2.3% to US$17,998,893,933 (7,526.1 billion tenge).
 
Over the month the volume of loans in the national currency increased by 1.2% to US$30,436,045,698 (12,726.6 billion tenge). In their structure, loans to legal entities decreased by 0.6%, to individuals - by 2.5%. The volume of loans in the foreign currency decreased by 8.3% to US$4,535,297,492 (1,896.4 billion tenge). In their structure, loans to legal entities decreased by 7.9%, to individuals – by 26.7%. The share of loans in tenge at the end of December 2020 amounted to 87.0% (in December 2019 – 83.4%).
 
The volume of long-term loans for the month decreased by 0.4% to US$29,880,732,432 (12,494.4 billion tenge), the volume of short-term loans increased by 1.3% to US$5,090,849,911 (2,128.7 billion tenge).
 
Lending to small businesses in December 2020 increased by 9.1% to US$ 6,015,415,409 (2,515.3 billion tenge), 17.2% of the total volume of loans to the economy.
 
In the sectoral breakdown, the most significant amount of bank loans to the economy falls on such sectors as manufacturing industry (the share in the total volume – 13.6%), trade (11.7%), construction (4.5%) and transport (3.3%).

In December 2020, the weighted average interest rate on loans issued in national currency to non-bank legal entities amounted to 11.4% (in December 2019 – 12.1%), to individuals - 14.9% (16.8%).