Kazakhstan Banking & Financial Services Q2 2019
Major structural challenges will continue to inhibit the growth of Kazakhstan's banking and financial services industry. Inthe banking sector, the under-reporting of non-performing loans is undermining transparency. While recent moves by the NationalBank of Kazakhstan to bail out a major lender will improve market stability, we highlight that greater supervision of the bankingsector is required. The asset management sector is also being hindered by inadequate protection of investors, while in the insuranceindustry, low average income levels remain a barrier for providers. Despite these challenges, Kazakhstan remains a relativelyattractive prospect for investment in light of ongoing economic growth and diversification.
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