Despite the basic rate reduction from 15% to 13%, maximum yield rate recommended by Kazakhstan Deposit Insurance Fund on newly attracted deposits of individuals was kept at the current level of 14% for deposits in national currency and 2% for foreign currency deposits, Kazinform reported citing the regulator’s statement. Thus, according to Kazakhstan’s National Bank, the volume of deposits in national currency increased by 61.8% in February-June and amounted to 2,285 billion tenge, and decreased by 16.7% to 4,811 billion tenge in foreign currency over the same period. According to the regulator, the share of deposits in foreign currency decreased from its peak of 80.4% in January to 67.8% in June.  

 

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