Kazakhstani banks report changes in assets

According to the National Bank, the external and internal assets of Kazakhstani banks have grown by $1.3 billion and $81.5 billion, respectively. At the same time, the rate of net internal assets for the entire banking system deteriorated to minus $13.2 billion, while external assets grew by 4.1%.

The banking system of Kazakhstan

Net external assets of the banking system, which are the difference between claims and liabilities toward nonresidents in freely convertible currency (FCC) and assets of the National Fund, reached $97 billion as of February 2024. The rate grew by 4.1% from $93 billion year-on-year. The National Fund’s assets have risen by $1 billion to $59.8 billion. The growth was $3.5 billion or 6% year-on-year.

Internal assets of the banking systems decreased by $13.4 billion, which is $892 million worse than in January (-$12.5 billion) and better than in February 2023 (-$20 billion). Internal assets include claims to the central government, regional and local executive bodies, nonbanking financial organizations, state and nonstate financial organizations, households and non-commercial entities that render services to them, and the National Fund and other net internal assets.

The banking system’s liabilities, including money supply and fixed and term deposits, have grown by $10.5 billion to $83.6 billion. The amount of money on deposits has risen by 13% compared to February 2023.

Kazakhstani banks

Net external assets grew by 2.4 times to $1.3 billion month-on-month, although this rate dropped by 1.6 times year-on-year (from $2.1 billion). Net external assets of banks are the difference between claims to nonresidents in FCC, and net external assets in FCC excluding liabilities to residents in FCC.

Internal assets of banks have risen by $462 million (+14.4% year-on-year) to $82.1 billion. The rate covers reserves, deposits in the National Fund, cash, gross claims (minus liabilities) and claims to the National Bank, government and the rest of the country’s economy.

Banks’ liabilities, including deposits, securities, financial derivatives, loans and other invoices for payment reached $83.5 billion. This indicator rose by 1.5% month-on-month and by 1.3% year-on-year.