businessPublished: 07 Sept 2026, 08:30Trust level: verified

Problem Loans in Kazakhstani Banks Grow Three Times Faster Than Healthy Portfolio

Problem Loans in Kazakhstani Banks Grow Three Times Faster Than Healthy Portfolio

Summary

Problem loans in Kazakhstan's banks are expanding three times faster than the healthy loan portfolio, while corporate deposits increased by 559 billion tenge in July.

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Kazakhstan's banking sector is seeing non-performing and distressed loans expand at a pace three times faster than the growth of healthy loan portfolios.

At the same time, according to Kursiv Research calculations based on National Bank data, corporate deposits in the banking system grew by 559 billion tenge in July, representing a 2.7% month-on-month increase.

More than half of this total corporate deposit growth was captured by ForteBank (+158 billion tenge) and Halyk Bank (+149 billion tenge). They were followed by Otbasy Bank, which recorded an increase of 85 billion tenge.

Source: Kursiv

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