Kazakhstan Banking & Financial Services Q4 2019
Kazakhstan's banking and financial services sector does offer considerable scope for growth. The country is recoveringwell from the oil crisis and an ambitious privatisation programme, as well as Kazakhstan's integration into China's 'Belt and Road'trade route, will bolster foreign direct investment and support further diversification of the economy. Despite this positivebackground, the industry will continue to struggle with high levels of non-performing loans and slow credit growth which willlimiting banking sector profitability, suggesting further market reform is necessary.
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