Kazakhstan Reduces Consumer Lending and Credit Fraud Significantly
Kazakhstan has reduced fraudulent loans by nearly fivefold over two years through measures limiting unsecured consumer lending. The Financial Market Regulator reports a near halving of credit portfolio growth rates. Stricter requirements for debt load ratios, a ban on loans with over 90 days overdue, and enhanced oversight are in place.
Headline and summary written by daryo. The full report belongs to LS.