Analysis of the Banking System of Kazakhstan in Terms of the Present Crisis

Authors

  • Myrzakhmetova A. M., al-Farabi Kazakh National University
  • Nurabaeva G. A al-Farabi Kazakh National University
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Abstract

Abstract. The article is devoted to the problematic issues of the modern banking system of Kazakhstan. Increased consumer and investment demand, coupled with the growth of business activity of the subject of the economy, has caused a steady growth of the banking sector in the pre-crisis period. At the same time it increased annually debits of banks, the real estate market and the construction industry formed the “bubbles” in asset prices, obviously, there has been a crisis. Also article deals the with pre-crisis “credit bottom” left the banking sector with a large volume of non-performing loans, which have become the post-crisis for the banking system of Kazakhstan the main problem. Analyzes urgent measures to implement the principles and objectives adopted in the concept of development of the financial sector of the Republic of Kazakhstan until 2030 in accordance with the realities of the moment.

Author Biography

Myrzakhmetova A. M.,, al-Farabi Kazakh National University

Abstract. The article is devoted to the problematic issues of the modern banking system of Kazakhstan. Increased consumer and investment demand, coupled with the growth of business activity of the subject of the economy, has caused a steady growth of the banking sector in the pre-crisis period. At the same time it increased annually debits of banks, the real estate market and the construction industry formed the “bubbles” in asset prices, obviously, there has been a crisis. Also article deals the with pre-crisis “credit bottom” left the banking sector with a large volume of non-performing loans, which have become the post-crisis for the banking system of Kazakhstan the main problem. Analyzes urgent measures to implement the principles and objectives adopted in the concept of development of the financial sector of the Republic of Kazakhstan until 2030 in accordance with the realities of the moment.

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How to Cite

M., M. A., & A, N. G. (2019). Analysis of the Banking System of Kazakhstan in Terms of the Present Crisis. Farabi Journal of Social Sciences, 2(3), 15–19. Retrieved from https://jhumansoc-sc.kaznu.kz/index.php/1-eurasian/article/view/218