Kazakh banks issue record amount of loans
Banks operating in Kazakhstan anted 896.3 billion tenges ($1 - 182 tenges as of Sept. 23) as of July 2014, which is a record amount in the past six years, ranking.kz analytical service reported.
"The absolute record for monthly loan tranche - 1.1 trillion tenges - was recorded in July 2007," analysts say.
Counted in the dollar equivalent, the monthly loan tranches are far behind the figures for 2007 - 1.8 times on average.
Thus, the average loans in 2014 totalled $4.2 billion, while in 2007 they amounted to $7.6 billion.
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