Kazakh Farmers Increasingly Taking Out Loans in Foreign Currency
Kazakh farmers are increasingly taking out loans in foreign currency, according to LS. As of October 1, banks had issued 645.7 billion tenge in agricultural loans, a 7.4% increase since the start of the year. While tenge loans dominate, foreign currency loans grew significantly, reaching 13.4 billion tenge. Almaty and Astana lead in loan volume.
Headline and summary written by daryo. The full report belongs to LS.