Development of consumer lending in Kazakhstan under influence of world financial crisis Cover Image

Развитие потребительского кредитования в Казахстане под влиянием мирового финансового кризиса
Development of consumer lending in Kazakhstan under influence of world financial crisis

Author(s): Askar Konakbaev
Subject(s): Economy
Published by: Prague Development Center
Keywords: Commercial banks; economy crediting; consumer loans; influence of financial crisis

Summary/Abstract: The paper observes the growth path of bank lending and in particular consumer loans in Kazakhstan. Consumer lending in Kazakhstan is steadily increasing and this niche remains attractive for commercial banks. However, the world financial crisis has complicated for banks the possibility of attraction of foreign credits to finance various investment and business projects in country. Financial crisis resulted decrease in growth rate of aggregate and consumer loans of commercial banks.

  • Issue Year: 2/2009
  • Issue No: 2
  • Page Range: 46-48
  • Page Count: 3
  • Language: Russian