Russian Banks Slow Down Activeness In Kazakhstan

Share Of Russian Banks In Kazakhstan Decreasing

Russian banks have slowed down their activeness in Kazakhstan, Finprom.kz analytical service reported.

The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges (341.18 tenges = $1), or by 11 percent since the beginning of 2016.

The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio of all second tier banks in Kazakhstan decreased by 0.4 percent during the period.

The deposit base of Russian banks in Kazakhstan has decreased by 80 billion tenges, or 6 percent since the beginning of 2016, while, the deposit base of all banks in Kazakhstan increased by 9 percent during the period.

The ratio of loans to deposits of Russian subsidiary banks in Kazakhstan remains at a high level – it decreased to 123 percent from 147 percent since early January. The ratio of loans to deposits (LTD) of all Kazakh banks in total has fallen from 100 percent to 91 percent in this period.

Alfa Bank has the lowest ratio of loans to deposits among Russian banks in Kazakhstan. The bank’s LTD ratio has declined from 93 percent to 77 percent in this period. The bank has carried out almost no lending operations since early 2015.

Sberbank Kazakhstan, one of the top five banks of Kazakhstan, decreased the loans to deposits ratio from 96 percent to 93 percent since early 2016.

The LTD ratio of the VTB Bank Kazakhstan, on the contrary, increased from 99 percent to 111 percent since the beginning of the year. The deposit portfolio of the bank is reducing faster than its lending activity.

Bank Home Credit has the highest ratio of loans to deposits among Russian banks operating in Kazakhstan – 210 percent.

By Elena Kosolapova – Trend

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