Kazakhstan's Banking Sector: High Profits Amidst Rising Credit Costs and Delinquency

Despite banks in Kazakhstan earning trillions of tenge and becoming more technologically advanced, consumer loans remain expensive. Elena Bakhmutova, head of the Association of Financiers of Kazakhstan, discusses why banks are profitable while borrowers face high interest rates and increasing overdue debt. The article explores risks in installment purchases and the responsibility for fraudulent loans.

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