InBusiness.kz: The total assets of MFIs of the Republic of Kazakhstan for the first time exceeded 300 billion tenge

The total assets of MFIs of the Republic of Kazakhstan for the first time exceeded 300 billion tenge

The total assets of microfinance organizations of the Republic of Kazakhstan at the end of the second quarter of 2019 amounted to 302.6 billion tenge, according to ranking.kz.

By the last quarter, assets increased by 29.3 billion tenge (10.7%), by the second quarter of last year - by 80.8 billion tenge (36.4%).

In the last quarter (January-March 2019), for the first and only time in the long-term dynamics, a decrease in the volume of assets was observed - by 4.6% compared to the fourth quarter of 2018.

More than 85% of MFIs' assets are microloans. By the end of the second quarter of 2019, their share increased from 84.6% to 85.3% per year.

For comparison: the loan portfolio of the second-tier banks of the Republic of Kazakhstan in terms of assets over the past year decreased from 55.6% to 53.8% by the end of the first half of this year.

Of the 167 registered MFIs, TOP-20 accounts for 91.6% of the total assets, or 277.3 billion tenge.

According to the increase in assets over the past quarter, Toyota Financial is in the lead from the top 20: by 11.1 billion tenge (28.7%), to 49.9 billion tenge. In second place is KMF with an increase of 10 billion tenge (7.4%), to 145.4 billion tenge. Arnur Credit closes the top three with an increase of 2.5 billion tenge (17.2%) to 17.3 billion tenge.

The total assets of the top 20 MFIs of the Republic of Kazakhstan increased by 28.4 billion tenge, other MFIs of the Republic of Kazakhstan showed an increase of only 900 million tenge.

Source: https://inbusiness.kz/ru/last/sovokupnye-obemy-aktivov-mfo-rk-vpervye-prevysili-300-milliardov-tenge?fbclid=IwAR3xQ5wxoXZ9UvwiF_v9N2Fll4SffdB1fEUPsZqm5do_B0yy3ejYDiTsvkQ

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