Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note

Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Bank Profitability and Competition

October 27, 2004

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Format: Chicago

Republic of Kazakhstan: Financial Sector Assessment Program Update—Technical Note—Bank Profitability and Competition, (USA: International Monetary Fund, 2004) accessed December 21, 2024

Summary

This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with some other economies. Rapid progress is being made in developing an efficient banking sector, and further improvements will depend on good supervisory and regulatory enforcement. The level of financial intermediation, although high among neighboring countries and growing, is still low in broader comparisons.

Subject: Banking, Commercial banks, Financial institutions, Financial regulation and supervision, Foreign exchange, Loan loss provisions, Loans, National accounts, Personal income

Keywords: Bank, Banking system, Banks in Kazakhstan, Central Asia, Commercial banks, CR, Deposit, Deposit rate, East Africa, Income, Interest income, Interest margin, ISCR, Largest bank, Lending, Loan loss provisions, Loans, Middle East, North Africa, Operating income, Personal income

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/336
Stock No:

1KAZEA0022004
ISBN:

9781451820874
ISSN:

1934-7685

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