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

Author

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  • Askar Konakbaev

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.

Suggested Citation

  • Askar Konakbaev, 2009. "Development of consumer lending in Kazakhstan under influence of world financial crisis," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 2(2), pages 46-48.
  • Handle: RePEc:pdc:jrpieb:v:2:y:2009:i:2:p:46-48
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    More about this item

    Keywords

    Commercial banks; economy crediting; consumer loans; influence of financial crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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