ҚАЗАҚСТАНДАҒЫ КРЕДИТТІК НАРЫҚТЫҢ ЖАҒДАЙЫ
THE STATE OF THE CREDIT MARKET IN KAZAKHSTAN

Summary/Abstract: This article examines the essence of the financial analysis of the credit market. The credit market is an economic space where relations are organized, conditioned by the movement of free money between borrowers and lenders on terms of repayment and payment. Despite the “coronacrisis”, Kazakhstan banks in 2020 managed to maintain their lending activity to some extent. Today lending is one of the priority areas of activity of second-tier banks. This is confirmed by the stable dynamics of the volume of loans issued by second-tier banks. Credit service arise and operate between two entities: the lender providing the loan and the borrower receiving the loan. The driving motive for granting a loan for temporary use is the receipt of income in the form of interest. Loans issued in national currency prevail in the structure of issued loans, the overwhelming majority of them were issued to nonbank legal entities. The low share of loans to individuals confirms the relevance of improving lending in this segment of the credit market. The group of creditors includes, first of all, credit institutions, among which banks occupy the main place. In our opinion, the Kazakhstani credit market has the potential for further quantitative and qualitative development. Banks actively supported the population and business with loans both at the expense of their own resources and within the framework of government programs (for example, within the framework of the mechanism for lending priority projects through government money). So, for example, within the framework of the program of concessional financing of small and medium-sized businesses, the bank is one of the leading financial institutions and is one of the three commercial banks that received the largest amount of public funds - loans to businesses from Bank RBK under this program at the end of 2020 amounted to more than 45 billion tg. It can be argued that the credit market of the Republic of Kazakhstan is the most dynamic segment of the financial market. Thus, Kazakhstani banks should take on part of the credit risks existing in the sector of lending to individuals, which will improve the lending system. Commercial banks need to improve the thinking of borrowers through the creation of new values associated with the relationship between the bank and the client, which will undoubtedly improve the quality of the banking products provided.

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