Kazakhstanis are taking out fewer retail loans.
Kazakhstanis are taking out fewer retail loans.
New retail lending fell 8.8 percent in September 2026 to 1.6 trillion tenge, according to the financial regulator, cited by Kazinform. The total retail loan book still stands at 26.7 trillion tenge, including 17.7 trillion in consumer loans and 7.9 trillion in mortgages.
Small business lending moved the other way: new loans up 41.7 percent, with the SME book up 17 percent to 8 trillion tenge. Households are borrowing less, businesses are borrowing more.
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