• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Financial Services Report Kazakhstan Product Image

Financial Services Report Kazakhstan

  • Published: January 2013
  • Region: Kazakhstan
  • 20 Pages
  • The Economist Intelligence Unit

The Kazakh financial services sector was severely hit by the global economic and financial crisis of 2008-09. The country's commercial banking system, which until August 2007 had experienced a period of massive expansion, was one of the first in the world to experience the credit crunch, owing to its exposure to international capital markets. A restructuring of the banking system in 2010 led to an improvement in conditions in the financial sector, although the proportion of bad loans remains high.

Lending recovered in 2011, after nearly two years of stagnation in the wake of the global financial crisis. Nevertheless, uncertainty remains over the vulnerability of the banking sector to further shocks, including a sharpening of the euro zone debt crisis. Ongoing reforms in regulation and increased supervision will help to strengthen the system over the forecast period.

Three of the four financial institutions that defaulted on their principal debt repayments completed debt restructuring in 2010. However, BTA Bank then defaulted on its debt for a second time in January 2012. Although BTA Bank successfully completed a second debt restructuring in December 2012, uncertainty remains over the stability of the banking sector, which remains vulnerable to external shocks.

Financial Services Report Kazakhstan

Market data: Financial services at a glance

Market data: Market opportunities

Market data: Key indicators

Financial services report
Overview

Banks

Insurers

Asset managers

Financial markets and instruments

Financial regulation
Overview
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

Kazakhstan at a glance
Sovereign debt rating*

Fundamental indicators

Key contacts

Note: Product cover images may vary from those shown

RELATED PRODUCTS

  • Financial Services Report Nigeria - Product Thumbnail Image Financial Services Report Nigeria

    Financial Services Report Nigeria

    • Language: English
    • 23 Pages
    • Published: February 2014
    • Region: Nigeria
  • Financial Services Report Greece - Product Thumbnail Image Financial Services Report Greece

    Financial Services Report Greece

    • Language: English
    • 24 Pages
    • Published: January 2013
    • Region: Greece
  • Financial Services Report UAE - Product Thumbnail Image Financial Services Report UAE

    Financial Services Report UAE

    • Language: English
    • 18 Pages
    • Published: January 2014
    • Region: United Arab Emirates
  • Financial Services Report Ukraine - Product Thumbnail Image Financial Services Report Ukraine

    Financial Services Report Ukraine

    • Language: English
    • 19 Pages
    • Published: October 2013
    • Region: Ukraine
  • Financial Services Report Germany 4th Quarter - Product Thumbnail Image Financial Services Report Germany 4th Quarter

    Financial Services Report Germany 4th Quarter

    • Language: English
    • 22 Pages
    • Published: October 2013
    • Region: Germany
  • Financial Services Report Germany 1st Quarter - Product Thumbnail Image Financial Services Report Germany 1st Quarter

    Financial Services Report Germany 1st Quarter

    • Language: English
    • 22 Pages
    • Published: January 2014
    • Region: Germany
  • Financial Services Report Denmark - Product Thumbnail Image Financial Services Report Denmark

    Financial Services Report Denmark

    • Language: English
    • 22 Pages
    • Published: January 2013
    • Region: Denmark
  • Financial Services Report Azerbaijan - Product Thumbnail Image Financial Services Report Azerbaijan

    Financial Services Report Azerbaijan

    • Language: English
    • 17 Pages
    • Published: November 2013
    • Region: Azerbaijan
  • Financial Services Report Germany 3rd Quarter - Product Thumbnail Image Financial Services Report Germany 3rd Quarter

    Financial Services Report Germany 3rd Quarter

    • Language: English
    • 22 Pages
    • Published: July 2013
    • Region: Germany
  • Personal Banking Market Assessment 2012 - Product Thumbnail Image Personal Banking Market Assessment 2012

    Personal Banking Market Assessment 2012

    • Language: English
    • Published: August 2012
    • Region: United Kingdom
    FROM

Our Clients

Our clients' logos