National Bank of Kazakhstan to address installment market
Summary
The National Bank of Kazakhstan is turning its attention to the installment purchase market, where regulatory changes are expected.
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In Kazakhstan, interest-free installment plans for purchasing everything from smartphones to cars and real estate have surpassed traditional bank loans in popularity. Consequently, the National Bank of Kazakhstan is now focusing on this rapidly growing segment.
As installment financing continues to dominate consumer preferences, the domestic market is set to experience regulatory shifts and structural changes overseen by the central bank.
Source: inbusiness.kz
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