Bad debt levels finally look to have stabilized in Kazakhstan but analysts are still predicting a lean year ahead for the country’s banks as new lending remains subdued.
Non-performing loans for the sector (excluding restructured banks BTA and Alliance) declined to 23.6% of the total outstanding at the end of June from 25.8% in March, according to central bank statistics, while the ratio of debts more than 90 days in arrears fell 30 basis points to 18.6%
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