By March, the total assets of the Bank of Kazakhstan reached 32 trillion tenge
Analyst reports show that according to the results in February, RBK Bank is still the leader in annual asset growth among the largest financial institutions in Kazakhstan. Rank
By March, the total assets of the Bank of Kazakhstan reached 32 trillion tenge, an increase of 2.2% over a month ago and an immediate increase of 19.7% over a year ago.
Leaders in this field once again demonstrated the highest annual dynamic growth among the top ten strongest participants in the banking industry by the bank’s RBK standards: an immediate increase of 53.8% to 986.4 billion tenge. Please note that despite the difficult financial markets of the country and the entire world, the financial institution has maintained a stable and positive development momentum: in just one month, RBK Bank’s assets have increased by another 5 billion tenge.
Among the banks with the largest annual growth rate, the top three also include the state-owned Otbasy Bank (specializing in mortgage loans under the state plan) (an increase of 51.8%) and the Russian subsidiary of Sberbank (an increase of 41.3%).
Generally speaking, in the monthly dynamics, only 6 of the top ten banks are in the active area, and in the annual dynamics-9 STBs in the Republic of Kazakhstan.
It is worth noting that the asset growth of the Bank of Kazakhstan this year has clearly exceeded the indicators of the “pre-crisis” period. In comparison: as of February 2020, the total assets of second-tier banks in the Republic of Kazakhstan amounted to 26.7 trillion tenge, an increase of only 8.8% over the same period last year. In February 2019, the industry’s annual growth rate was only 4.1%.
At the same time, as of March this year, the loan portfolio of the second-tier banks of the Republic of Kazakhstan reached 15.4 trillion tenge, an increase of 5.7% over the same period last year. The proportion of loan portfolios in Kazakhstan’s bank asset portfolio was 48%, compared with 54.4% in the same period last year.
In terms of annual dynamic loan portfolio growth, there are three financial institutions among the top ten leaders, which proves the stability of their leading position in the credit market. As a result, the loan portfolio of RBK Bank increased by nearly 32% to 501.7 billion tenge. Otbasy Bank (+31.8% y/y) and Sberbank (+23.5%) entered the top 3.