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Deposits of individuals in Kazakhstani banks have grown by only 1.6% over the month

According to the monthly report by the National Bank the residents’ deposits in institutions amounted to 21.9 trillion tenge as of end of October 2020.
Deposits of individuals in Kazakhstani banks have grown by only 1.6% over the month

The volume of deposits in national currency for one month has increased by 2.8% to 12.9 trillion tenge, in foreign currency - by 2.5% to 8.9 trillion tenge. The dollarization level as of end of October 2020 was 40.8% (in December 2019 - 43.1%).

Tenge deposits of individuals grew by 1.6% to 6.1 trillion tenge and deposits in foreign currency - by 0.2% to 4.2 trillion tenge (40.9% of individual deposits).  

The volume of term deposits is over 14.8 trillion tenge having increased by 2.3% over the month.

The weighted average interest rate on term deposits in national currency of non-bank legal entities was 7% (in October 2019 - 7.2%), on individual deposits - 9.5% (9.2%).

Source: https://nationalbank.kz/ru/news/novosti/10404

Photos are from open sources.

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