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21 October 2018
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17:00

Mortgage market of Kazakhstan grew by 10% over year16.05.2018
Society  18:53
In Kazakhstan, the portfolio of mortgage loans by the end of March 2018 reached 1.1 trillion tenge, which is 10.4% more than a year ago. At the same time, the total volume of retail loans as a whole grew by 13.3% in the same period, to 4.6 trillion tenge.

As a result, despite the growth, the share of the mortgage loans in the total volume of retail loans for a year decreased from 24.7% to 24.1%.

Among the regions, annual growth in mortgage loans was recorded in 15 of the total 16 regions, a decline - only in Almaty.

According to the annual growth among the regions, the West Kazakhstan region is leading - immediate plus 29.3%, up to 38.2 billion tenge. The share from the Republic of Kazakhstan grew from 3% to 3.5%. The next is the Kostanay region - by 27.8%, to 33 billion tenge. The share of Kazakhstan increased from 2.6% to 3%.

Astana rounds out the top three - growth by 23.2%, to 266.7 billion tenge. The share from Kazakhstan has grown from 21.7% to 24.2%.

18 out of 32 second-tier banks of Kazakhstan's market offer the mortgage loans and only six of them - loans with a minimum down payment from 0% to 10%.

Source: BNews.kz

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