The banking system of Kazakhstan remains stable: bank assets have increased by nearly 20%, reaching 61.6 trillion tenge, while the volume of loans to the economy has risen to 33.8 trillion tenge. The level of non-performing assets remains low—less than 3.1%. As part of supervisory activities, the Agency has audited the largest banks in the country and facilitated the early repayment of 400 billion tenge in state support.
To foster the development of the distressed asset market, the first digital platform for their sale has been launched, and to enhance competition in the banking sector, players from South Korea, Qatar, and the UAE have been attracted.
Business lending has increased by 16.3%, with the volume of new loans reaching 18.2 trillion tenge. Following the president's directive, a law was enacted in 2024 to reduce the debt burden on the population. As a result, debts of 614,000 individuals amounting to 210 billion tenge have been restructured or partially written off.
The Agency has also prepared legislative changes to protect citizens from financial fraud, and it has been proposed to introduce mandatory housing insurance against catastrophic risks in the insurance market.
Following the meeting, Tokayev instructed to continue efforts to ensure financial stability, expand business lending, and strengthen the protection of consumer rights in financial services.