Market of tenge retail deposits begins to win back the positions

Market of tenge retail deposits begins to win back the positions

Market of tenge retail deposits begins to win back the positions. Following the reduction in July-September 2015, as a result of exchange rate adjustment, in October-November, the volume of tenge deposits showed an increase on average by 1.3% per month. At the end of November, the size of the deposit portfolio of the population in the second-tier banks of Kazakhstan reached the level of the beginning of the year. The level of deposits in the currency continues to remain at a high level. If in 2014 in the structure of deposits of the population share of deposits denominated in tenge, totaled 39%, but by the beginning of December 2015, the share of deposits decreased by 17% up to 22%. Six banks stabilize situation, which despite the pressure from the uncertainty in the foreign exchange market, during the reporting period showed growth of tenge in retail deposit base. 

 

 

 

Photo: kapital.kz