For the month the corporate deposits portfolio in Kazakhstan decreased by KZT 20.5 billion

The portfolio of corporate deposits of second-tier banks of the Republic of Kazakhstan has increased since the beginning of the year by KZT 155.4 billion (or by 1.5%), amounting to KZT 10.77 trillion by March.

The absolute growth leader is ForteBank: plus KZT 154.5 billion at once (or 17.8%), up to KZT 1.02 trillion. It worth noting: the bank's portfolio exceeded a trillion for the first time. This second-tier bank is one of the three largest banks – holders of business deposits.

The top three banks in terms of growth also include Bank CenterCredit (plus KZT 29.5 billion since the beginning of the year, up to KZT 536.5 billion) and VTB Bank, which isn’t included into the top ten largest banks (plus KZT 27.4 billion, up to KZT 212.8 billion).

It is noteworthy that within a month the corporate deposits portfolio of second-tier banks of the Republic of Kazakhstan decreased by tangible KZT 20.5 billion.

Speaking of the top ten banks, if we look at the monthly dynamics, we can see that there are only three banks that managed to climb into a positive territory: ForteBank (plus KZT 72.9 billion), Eurasian Bank and Citibank.

In general, in the sector in the monthly dynamics there are only 7 financial institutions in a positive territory, and 18 second-tier banks of the Republic of Kazakhstan are in the red, respectively.

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