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Development Of Consumer Lending In Kazakhstan Under Influence Of World Financial Crisis

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  • Konakbaev, Askar

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

  • Konakbaev, Askar, 2009. "Development Of Consumer Lending In Kazakhstan Under Influence Of World Financial Crisis," Perspectives of Innovations, Economics and Business (PIEB), Prague Development Center (PRADEC), vol. 2, pages 1-3, October.
    • Handle: RePEc:ags:jrpieb:94540
    DOI: 10.22004/ag.econ.94540
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