Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Over 11 thousand families received loans under 7-20-25 program — National Bank

Friday, 13 December 2019, 08:42:30

At the Government session chaired by Prime Minister Askar Mamin, Chairman of the National Bank Erbolat Dossaev reported on the state of the banking sector, according to the results of 11 months of 2019.

As Dossaev noted, on Dec. 9, the National Bank maintained the base rate at 9.25% with a corridor of +/- 1 pp. According to the estimates of the National Bank, the level of the base rate will ensure the achievement of inflation targets in the corridor of 4-6% in 2019-2020.

In November of this year, annual inflation was below our expectations and amounted to 5.4%. The largest contribution continues to come from food products, which have risen in price by 9.7% over the year. Particularly noted is the increase in prices for bakery products and cereals — by 15.5%, meat and meat products — 13.4%, fish and seafood — 12.2%,” said the chairman of the National Bank.

The increase in prices for non-food products continues to slow down — from 6.4% in December last year to 4.8% in November of this year due mainly to a decrease in gas prices by 4.5%. Tariff growth for paid services remains insignificant — 0.6% in annual terms. Until the end of this year, the inflation rate is estimated at 5.5-5.7%.

The exchange rate of tenge as of Dec. 12, 2019, amounted to 384.63 tenge per dollar, having weakened by 0.1% compared to the beginning of the year. The situation in the foreign exchange market in November-early December of this year was stable. The price of oil on the world market has increased since the beginning of November by 5.8%.

An important internal factor that influenced the country's foreign exchange market in November of this year was the increase in the supply of foreign currency by exporters during the “tax week”.

According to preliminary data, the National Bank’s gold and foreign currency reserves as of December 1 of this year amounted to $28.7 billion. As a result of the decrease in the value of the gold portfolio and the outflow of foreign currency from banks' accounts with the National Bank, the foreign exchange reserves in November this year decreased by 2.9% or $842 million. However, the decrease was partially offset by the receipt of foreign currency in the accounts of the Government.

The assets of the National Fund amounted to $60.5 billion, an increase of 0.9% in November this year.

Substitution of deposits in foreign currency by tenge deposits continues. Deposits in national currency for 10 months of this year increased by 8.5%, foreign currency deposits decreased by 6.5%. As a result, the level of dollarization of deposits decreased from 48.4% at the beginning of the year to 44.7% in October this year.

The maximum interest rates for non-term deposits at present are 9.8%, for term deposits — 12%, and for savings accounts for 14.6%.

The total loan portfolio since the beginning of the year increased by 3.1% to 13.5 trillion tenge at the end of October of this year. The portfolio of long-term loans increased over the 10 months of this year by 3.9% to 11.5 trillion tenge, and short-term loans decreased by 1.3% to 2 trillion tenge.

The volume of new loans for 10 months of this year increased by 13.2% compared to the same period in 2018.

The implementation of the Program of concessional lending to priority sectors of the economy (600 billion tenge) continues. As of Dec. 6, 2019, banks received 434 applications in the amount of 265.6 billion tenge, 268 projects were approved in the amount of 149.1 billion tenge, 174 loans worth 54.8 billion tenge were issued.

As part of the implementation of the 7-20-25 program, as of Dec. 5, 2019, 11,369 families received loans worth 130.8 billion tenge.


News feed
13 July 2020, 11:15
Marat Karabayev appointed chair of Committee for Industrial Development and Industrial Safety
13 July 2020, 11:07
Kanat Baitov relieved as chair of Committee for Industrial Development and Industrial Safety
13 July 2020, 10:30
Prime Minister Askar Mamin expresses his condolences to families of Kazakhstanis who died from COVID-19
12 July 2020, 11:41
Erhat Iskaliev appointed сhair of SK-Pharmacy LLP
10 July 2020, 23:55
Forward purchasing, state of crops and food stocks — development of agro-industrial sector of Kazakhstan
10 July 2020, 21:35
Berik Sharip relieved as chair of SK-Pharmacy LLP
10 July 2020, 20:32
Working trip to Atyrau region: Tugzhanov holds emergency meeting on epidemiological situation in region
10 July 2020, 15:07
Government sums up results of socio-economic development for first half of 2020
09 July 2020, 16:13
Operational Headquarters on COVID-19 keeps situation in regions under control
09 July 2020, 14:15
Government's anti-crisis measures: Restoring economic growth and supporting SMEs
07 July 2020, 18:40
Aigul Shaimova appointed vice minister of national economy
07 July 2020, 18:35
Madina Zhunusbekova relieved as vice minister of national economy
07 July 2020, 18:29
Nariman Mukushev relieved as vice minister of labor and social protection of the population of Kazakhstan
07 July 2020, 18:20
How development indicators of AIFC financial market changed during pandemic?
07 July 2020, 16:56
Investment attraction, large-scale construction and international recognition — how the main city of Kazakhstan developed
07 July 2020, 12:10
Tollways, repair and maintenance of roads, introduction of new technologies — interview with Chair of Roads Committee Sairanbek Barmakov
02 July 2020, 23:50
New format of dealmaking and transition to distance education — how online discussions of global economy during the pandemic took place
02 July 2020, 12:07
State Commission approves measures to stabilize epidemiological situation in Kazakhstan
01 July 2020, 18:37
Astana Finance Days: Experts on challenges and opportunities of Islamic finance and fintech industry in post-pandemic era
30 June 2020, 17:49
Prime Minister Askar Mamin holds session of Council of Eurasian Development Bank
30 June 2020, 16:45
Prime Minister of Kazakhstan Askar Mamin held a telephone conversation with Chair of the Russian Government Mikhail Mishustin
30 June 2020, 13:18
Annual demand for IT specialists reached over 30 thousand people — Ministry of Digital Development, Innovation and Aerospace Industry
30 June 2020, 11:18
AIFC proposes to create EduTech Center and Educational IT Alliance
30 June 2020, 11:08
By 2030, educational institutions of Kazakhstan will train over 3 million specialists of new formation — Ministry of Education and Science
30 June 2020, 11:06
Reduction in shadow economy in 2019 gave additional revenue of 1.5 trillion tenge to budget of Kazakhstan
30 June 2020, 10:54
Prime Minister Askar Mamin instructs to implement large-scale project ‘’Digital Bilim” to increase digital literacy
30 June 2020, 10:32
By 2025, shadow economy to be reduced to 20% of GDP — Ruslan Dalenov
30 June 2020, 10:12
97% of entrepreneurs switched to online cash registers — Ministry of Finance
29 June 2020, 18:59
How the Year of the Volunteer implemented, what kind of support the country's media receive and how civil society develops — Aida Balayeva reports to the public
29 June 2020, 17:12
Government session to be held June 30 in Ukimet Uyi
28 June 2020, 09:56
Video Digest: Main events of the week, No. 67
27 June 2020, 10:28
Prime Minister Askar Mamin congratulates media workers on their professional holiday
26 June 2020, 18:59
Bolat Tlepov appointed vice minister of information and social development of the Republic of Kazakhstan
26 June 2020, 18:49
Daniyar Yesin relieved as vice minister of information and social development of the Republic of Kazakhstan
26 June 2020, 18:14
Results in social sphere for 5 months of 2020: Restoring employment and providing new types of support
26 June 2020, 14:14
Azhar Giniyat appointed vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 14:12
Lyazzat Aktayeva relieved as vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 14:06
Marat Shoranov appointed first vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 13:39
Daniyar Vagapov appointed deputy chair of National Bank of Kazakhstan
25 June 2020, 19:05
Prime Minister Askar Mamin holds meeting of Commission on Digitalization under President of Kazakhstan
25 June 2020, 18:24
Prime Minister Askar Mamin introduces Minister of Healthcare Alexey Tsoy
25 June 2020, 08:58
Roman Sklyar discusses development of cooperation in agriculture with German companies
24 June 2020, 18:00
Prime Minister Askar Mamin holds meeting of Council on Transition to Green Economy under President of Kazakhstan
24 June 2020, 10:25
Roman Sklyar holds meeting of Project Office for Entrepreneurship
23 June 2020, 18:59
Gabidulla Ospankulov relieved as vice minister of information and social development of the Republic of Kazakhstan
23 June 2020, 13:18
In second half of 2020, Kazakhstan will continue to reduce oil production
23 June 2020, 12:58
Small and medium-sized enterprises can apply for new loan deferral — Madina Abylkassymova
23 June 2020, 10:59
Prime Minister Askar Mamin congratulates civil servants of Kazakhstan on their professional holiday
23 June 2020, 10:24
Prime Minister Askar Mamin congratulates police of Kazakhstan on their professional holiday
23 June 2020, 10:21
Prime Minister Askar Mamin instructed to ensure readiness for heating season
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.