As of October 1, 2026, Kazakhstan’s banking sector comprised 23 second-tier banks. Ten were subsidiaries of foreign banks, and one was wholly state-owned.
The sector’s assets rose 1.5% in September to 76.8 trillion tenge. They were up 8.6% from the start of the year. The increase was mainly driven by a 1.1% rise in the loan portfolio, to 46.8 trillion tenge.
Banks’ loans to the economy grew 0.6% in September to 43.1 trillion tenge, and were up 7.2% from the beginning of the year. Loans in tenge increased 0.9% to 38.8 trillion tenge, while foreign-currency loans fell 1.9% to 4.3 trillion tenge. The share of tenge-denominated loans reached 90%.
Business loans rose 0.4% in September to 16.4 trillion tenge. Loans to small and medium-sized businesses increased 1% to 8 trillion tenge. The household loan portfolio grew 0.7% to 26.7 trillion tenge.
Residents’ deposits with deposit-taking institutions increased 2.6% over the month to 51.5 trillion tenge. Deposits held by legal entities grew 5.7%, while those of individuals rose 0.2%. The foreign-currency share of deposits stood at 18.7% on October 1.
Banks recorded net profit of 1,812 billion tenge in January–September 2026, down 11.6% from the same period in 2025. The share of loans overdue by more than 90 days fell by 0.1 percentage point to 3.9% as of October 1.
