Market of tenge retail deposits begins to win back the positions - Kazakh TV

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

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