Kapital.kz: Are Kazakhstanis credited?

About 80% of borrowers in Kazakhstan have arrears on unsecured loans an average of 300 thousand tenge. Is this level of leverage optimal or is it about over-lending? 

According to the executive director of the First Credit Bureau Asem Nurgaliyeva, it is too early to talk about the over-lending of the population.

“Now the loan portfolio is 26 trillion tenge. Of this amount, only 7.4 trillion tenge (25%) falls on retail loans. In 2019, this portfolio increased by 22%. The bulk of loans from the total loan portfolio falls to banks (20.2 trillion tenge), and only 84 billion tenge to MFIs issuing online loans, and 290.6 billion tenge to classic MFIs. Thus, the share of MFIs in the total lending is insignificant. Last year, the volume of retail loans increased mainly due to unsecured loans, ”she said.

Asem Nurgaliyeva clarified that at the same time about 80% of retail borrowers have debt on unsecured loans of about 300 thousand tenge.

“A certain small part of borrowers has unsecured loans, the amount of which exceeds 5-10 million tenge - they accumulate a very large percentage of risk. If we take all the loans of Kazakhstanis, including car loans, mortgages, then 1 million tenge falls on one resident of the country. And then, if you compare this figure with the average salary, some say that the Kazakhstanis have been refinanced. But if you look at all the figures deeper, you can see that 80% of Kazakhstanis have debt on unsecured loans of not more than 300 thousand tenge. Therefore, we can’t talk about the problem of the debt of Kazakhstani people, ”she said.

One of the arguments that she brought to confirm her opinion is the ratio of the amount of debt to the average monthly salary.

“In many countries of the world, the ratio of these indicators is one to 1 to 5 or to 6, 10. That is, the average debt can be 5-10 monthly salaries. In Kazakhstan, given that the average salary is 204 thousand tenge, the average amount of debt is 300 thousand tenge. In this case, we can say that the level of debt is acceptable. One of the trends - for the last three years, residents of the Republic of Kazakhstan have been taking small loans - in 2019, the average check for loans amounted to no more than 170 thousand tenge. This is understandable, because in stores you can easily arrange goods in installments. I’ll clarify that the majority of consumer loans are unsecured, 56%, ”Asem Nurgaliyeva emphasized.

She also recalled that unsecured loans are also taken by entrepreneurs for entrepreneurial purposes, which slightly distort statistics. According to her, due to this, the credit burden on one Kazakhstani is increasing. “Of the 1.2 million entrepreneurs, 134 thousand have active loan contracts. This is a fairly low rate. At the same time, 76 thousand individual entrepreneurs took loans as retail customers last year. It is easier for them to take unsecured loans on average in the amount of 2.5 million tenge for business purposes as a retail borrower. Therefore, in 2019, retail loans almost doubled, ”said Asem Nurgalieva.

More details:  https://kapital.kz/finance/84763/perekreditovany-li-kazakhstantsy.html

Другие новости »

Высший орган управления Ассоциации -
Общее собрание членов АМФОК
Орган управления Ассоциации -
Совет Директоров АМФОК
Amfok Certificates
© 2019 Created by AWStudio