Kazakh banks record high foreign currency deposits
Foreign currency deposits in Kazakh banks rose by 69.6 percent, up to 11.019 trillion tenges in 2015, according to the National Bank of Kazakhstan.
Deposits in national currency decreased during the year by 4.8 percent in Kazakh banks – to 4.952 trillion tenges, said the National Bank Jan. 21.
The share of deposits in tenge decreased in December 2015 from 44.5 percent to 31 percent, as compared to December 2014.
The volume of residents' deposits in depository organizations of Kazakhstan in 2015 rose by 36.6 percent – up to 15.971 trillion tenges. Meanwhile, the volume of legal entities’ deposits increased by 25.8 percent up to 9.178 trillion tenges, and individuals’ deposits rose by 54.5 percent up to 6.793 trillion tenges.
In December 2015, the average fee rate on fixed time deposits of legal entities in the tenge was 20.1 percent (8.8 percent in December 2014), while the fee rate on deposits of individuals was 8.5 percent (8.1 percent).
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