Development of consumer lending in Kazakhstan under influence of world financial crisis

Askar Konakbaev

Perspectives of Innovation in Economics and Business (PIEB), 2009, vol. 2, issue 2, 46-48

Abstract: The paper observes the growth path of bank lending and in particular consumer loans in Kazakhstan. Consumer lending in Kazakhstan is steadily increasing and this niche remains attractive for commercial banks. However, the world financial crisis has complicated for banks the possibility of attraction of foreign credits to finance various investment and business projects in country. Financial crisis resulted decrease in growth rate of aggregate and consumer loans of commercial banks.

Keywords: Commercial banks; economy crediting; consumer loans; influence of financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G21 (search for similar items in EconPapers)
Date: 2009
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