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Bank's Loan Portfolio
May 1998
In 1997, the banks of the republic gave loans amount to US $10.6 bln. Loans to various sectors of economy totalled US $9.8 bln. It is a positive factor that the majority of loans - over 60% - are KZT-denominated. Over the first two months of 1998, total amount of loans reached US $1.96 bln., where loans in national currency accounted for 56.2%. Over the last year, average interest rate on KZT-denominated loans went from 39.4% in January 1997 down to 23.3% in February 1998. Interest on loans given in foreign currency decreased from 17.5% at the beginning of 1997 to 12.1% at the beginning of 1998. |
Loans of Second-tier Banks in 1997
Source : NBK, KS Research
| Sectoral distribution of loan portfolio | Distribution of loans by sectors of the economy is comparatively stable. The majority of loans are given to industrial enterprises - 36% in 1997 and 38% for the first two months of 1998, then to enterprises engaged in trade - 11% and 18% respectively. Total amount of loans to industry in 1997 reached US $2.9 bln, to trade - US $874 mln. |
© Kazkommerts Securities 1998. Please cite source when quoting. This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets. |
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