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Kazakhstanis actively interested in the personal credit report

28.06.2016 14:52

Kazakhstanis have become more adapted for referring seriously to own debt obligations in banks and trying to make monthly payment in time. Analysts of the First Credit Bureau made such conclusions, after having monitored market since the beginning of the year. Currently, the credit index health of Kazakhstanis, which is calculated by the organization on the basis of scoring models, total 60%.

 

Assem NURGALIEVA, HEAD OF BUSINESS DEVELOPMENT, FIRST CREDIT BUREAU:

60% of Kazakhstanis are the people who are good enough borrowers. People who already have specific problems with the loans account for another 20%. We call them default borrowers – people, who have arrears of more than 90 days. And about 20% are people who are very dependent on the influence of some factors, the audience that can be good or bad.

 

Another trend in the credit market, which draws the attention of experts, is that Kazakhstanis actively interested in the personal credit report. For the first six months of 2016, the First Credit Bureau has issued to individuals more than 100 thousand documents on credit history. For comparison, this figure for the last year amounted to 120,000 reports. Experts associate this primarily to the credit institutions’ becoming more attentive to their borrowers.

 

Assem NURGALIEVA, HEAD OF BUSINESS DEVELOPMENT, FIRST CREDIT BUREAU:

Banks are not active in lending yet, we think that they are waiting for seasonal business in the fall. And in the autumn, we may see lending actively to start. Credit card lending is gradually becoming demandable. These segments are growing. But we do not see mass consumer lending.

 

In the future, experts expect increased competition in the online lending market.

 

Assem NURGALIEVA, HEAD OF BUSINESS DEVELOPMENT, FIRST CREDIT BUREAU:

This year is the year of online lending. We work with many companies and, in principle, already see good results. Online lending portfolio makes up about 7 billion tenge today, and it is quite large sum amid the current situation on lending.

 

Taking this into account, analysts urge the population to increase financial literacy and take responsibility for their loans and pay in time to keep credit history positive.

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