Risk Reduction at Kazakh Banks Due to Loan Growth Deceleration

Standard & Poors, January 2003

Abstract
LONDON (Standard & Poor's) Jan. 20, 2003--In a report on the Kazakh banking system--"Slower Loan Growth Reduces Potential Risks at Kazakh Banks"--published today, Standard & Poor's notes that, over the past few years, the banking system in Kazakhstan (foreign currency, BB/Positive/B; local currency, BB+/Positive/B) has been growing at a phenomenal rate, albeit from a low base (accounting for only about 20% of GDP at the end of 2002). Standard & Poor's is concerned about excessive credit growth, however, as it is one of the leading indicators of potential stress in financial systems. Other causes of concern are politically motivated or directed lending, and banks' moves into new areas of business. Loan growth was significantly slower in Kazakhstan in 2002, however....

Companies mentioned in this report are: Kazakhstan (Republic of),Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,BTA Bank J.S.C.,JSC Nurbank
Action: S&P Event

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Kazakhstan (Republic of),Kazkommertsbank (JSC),Halyk Savings Bank of Kazakhstan,BTA Bank J.S.C.,JSC Nurbank

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