Revenues of Kazakhstan’s second tier banks grows
At the end of seven months of 2016, banks in Kazakhstan earned more than 900 billion tenge in average placing its assets in loan instruments and other income. The portfolio of earning assets exceeded 20 trillion tenge and, their profitability was fixed at 4.5%. in July 2016, the commercial banks of the country have earned 922.5 billion tenge as a result of placing funds in loans and othr income instruments (net payment of the cost of borrowed funds), which is larger for 11.6% than in July 2015. The leadership was caused due to net income from its profitable assets seized the largest banks that capable of expanding cash flow at the expense of quantitative loan expansion.