S&P Highlights Stronger Bank Oversight in Kazakhstan as Credit Growth Moderates

Summary
S&P Global Ratings improved its banking industry risk assessment for Kazakhstan, citing stronger supervision and capital buffers.
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S&P Global Ratings has upgraded its assessment of Kazakhstan's banking industry risk and raised the ratings or outlooks on several financial institutions in the country.
In its release on Sept. 4, the agency pointed to stronger regulatory supervision, banks' solid capital buffers, and Kazakhstan's sovereign profile as key supporting factors.
The ratings actions follow a slowdown in credit expansion and banking-sector profit growth recorded during the first seven months of 2026.
Source: The Astana Times
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