The number of companies actively engaged in the trade has increased by 15% within the year, and that of new ones - by a third, Ranking.kz reports.
The total number of all the registered legal entities accounts for over 30% in the area of wholesale trade and retail and vehicle repairs - 131.3 thousand companies by the end of October.
Of which, 55.9%, or 73,4 thousand are active enterprises. More than half of the companies working in the trade are active: 37 thousand, a 15% increase compared to last year, with new companies making up almost a quarter: 17.8 thousand, by 32.9% higher compared to the previous year.
It is financial institutions that provide substantial support for the companies working in the trade. The number of credits provided by microcredit organizations to trade companies (without individual entrepreneurship, making the market's lion share) has made up KZT981.1 million for the first six months of the present year, and KZT 449.6 million for the first six months of 2017. The share of the trade sphere of the total volume of microcredits provided to legal entities has increased from 27% to 29.9% within the year.
The largest representative in the microcredit segment is the KMF. The Institution's loan portfolio has equaled KZT 110 billion over the first six months - 53.4% of the total volume of credit of Kazakhstan's Microfinance Institution. The KMF has contributed KZT 44.9 billion to credit businesses engaged in the trade over 11 months of the present year.
The market's leader's total amount of loans in the trade issued from January to November 2018, including individuals, has made up KZT 68.2 billion. It is noteworthy that microfinance companies are actively enhancing the credit support for the area of trade, rather than second-tier banks: the amount of loans provided by banks has increased by 14.5% within the year., and than o microcredits - by 51.5%. And the amount of loans provided by second-tier banks has seen a 1.6% year-over-year decrease compared to a given period of last year, while microcredit companies have observed an annual growth of 91.6%.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
When citing our content a hyperlink to this Kazakhstan Today website is obligatory.