In the first half of 2026, small business financing in Kazakhstan increased by 21.2% to 4.6 trillion tenge, medium business financing rose by 56.2% to 1.9 trillion tenge, and large business financing grew by 10.5% to 4.9 trillion tenge, according to the Financing and Lending Agency (AFK).
The volume of new business loans grew by 20.7%, with loan application numbers practically unchanged (+1.2%). The share of medium-sized businesses in new lending increased from 12.8% to 16.6%, while the share of large enterprises dropped from 46.7% to 42.8%.