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Kazakh banks reduce their net foreign assets

Posted on 03.07.2015

Baku, Azerbaijan,

By Elena Kosolapova – Trend:

For the first five months of 2015, Kazakh banks reduced the amount of net foreign assets, said the message of the press-service of the National Bank of Kazakhstan.

At the end of May 2014, the net foreign assets of Kazakh banks amounted to 2.177 trillion tenge (186.2 tenge = $1) (compared to 2.209 trillion tenge at the end of 2014), according to the National Bank.

In late April, the net foreign assets of Kazakh banks amounted to nearly 2.147 trillion tenge.

At the end of May, the requirements of Kazakh banks to non-residents denominated in freely convertible currency amounted to nearly 3.143 trillion tenge (compared to 3.114 trillion tenge at the end of April 2014, and 3.248 trillion tenge at the end of December 2014), the message said.

Domestic assets of Kazakh banks in the reporting period rose to 11.419 trillion tenge compared to 11.278 trillion tenge at the end of 2014. At the end of April, domestic assets of Kazakh banks amounted to 11.43 trillion tenge.

The reserves of Kazakh banks decreased from 1.736 trillion tenge at the end of 2014 to 1.693 trillion tenge at the end of April, and to 1.691 trillion at the end of May.

Banks’ claims to the government declined from 701.474 billion tenge at the end of 2014 to 651.149 billion tenge at the end of May.

Requirements of Kazakh banks to non-state non-financial institutions rose from 9.094 trillion tenge at the end of 2014 to 9.104 trillion tenge at the end of May.

The requirements of Kazakh banks to households decreased to 4.199 trillion tenge at the end of December 2014 to 4.167 trillion tenge at the end of May.

Liabilities of Kazakh banks in the reporting period increased from 13.487 trillion tenge to 13.596 trillion tenge.

The banking sector of Kazakhstan is represented by 38 second-tier banks, 16 banks of which are with foreign participation.