Kazakhstan’s banking system retains liquidity and capital reserves

Kazakhstan’s banking system retains liquidity and capital reserves
kazpravda.kz

Kazakhstan’s banking system retains substantial liquidity and capital reserves. This allows national financial institutions to continue stable credit operations and meet their obligations, the Agency for Regulation and Development of Financial Market reports. In general, the reserve of highly liquid assets at second-tier banks is more than 11 trillion tenge (US$25 billion). The structure of the sector’s commitments is mainly represented by the deposit portfolio – it amounts to about 77 percent. As of May 1, Kazakhstan’s banking sector has capital stock which is significantly above the standards established by the law.  In total, during four months the net profit of domestic banks amounted to 375 billion tenge (US$860 million).