Kazakhstan’s financial authorities and banking sector leaders have discussed key issues related to expanding lending to the economy and developing the country’s financial market. The meeting brought together the Chairman of the National Bank of Kazakhstan Timur Suleimenov, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, Chair of the Agency for Regulation and Development of the Financial Market Madina Abylkassymova, and Chairman of the Management Board of Baiterek National Investment Holding Rustam Karagoyshin, DKNews.kz reports.
The talks were held with the participation of the Association of Financiers of Kazakhstan and the heads of second-tier banks.
Focus on Corporate Lending
A central topic of discussion was the expansion of corporate lending. Participants exchanged views on financing large-scale investment projects, supporting small and medium-sized businesses, and increasing funding for the agro-industrial sector.
According to the participants, access to long-term and affordable financing remains a critical factor for sustainable economic growth and the implementation of new projects in the real sector.
Stabilizing Consumer Lending
Consumer lending was also discussed as a separate agenda item. The participants emphasized the need for a balanced and sustainable approach to retail lending that avoids excessive household debt while maintaining access to credit.
Regulators and banks highlighted the importance of responsible lending practices and effective risk management in this segment.
Role of Baiterek and Coordination with Banks
The meeting also reviewed mechanisms for cooperation between Baiterek National Investment Holding, second-tier banks, and financial regulators within the framework of financing the economy.
It was noted that closer coordination between development institutions and commercial banks could enhance the effectiveness of funding instruments and improve access to financing for businesses.
Digitalization and Digital Financial Assets
Another key area of discussion was the digitalization of the financial sector and practical approaches to introducing digital financial assets into Kazakhstan’s financial system.
Participants noted that digital solutions have the potential to increase transparency, reduce operational costs, and expand financial instruments available to businesses and financial institutions.
Next Steps
Following the meeting, the participants agreed to systematize further joint efforts on the core issues of economic lending and financial market development.
The Association of Financiers of Kazakhstan emphasized that regular dialogue between the National Bank, the Government, regulators, and the banking sector is essential for strengthening financial stability and supporting sustainable economic growth.
Experts believe that coordinated actions by financial authorities and banks will play a key role in revitalizing business lending and advancing Kazakhstan’s financial system in the coming years.
