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Kazakhstan's Bank Loan Portfolio Grows by 18%. Bank RBK, Freedom, and Kaspi Lead the Pack

Total loan volume approached 44 trillion tenge. The top ten players account for over 92% of the market while maintaining a consistently low delinquency rate.

In brief
  1. The aggregate loan portfolio of Kazakhstani banks reached 43.78 trillion tenge by May 2026.
  2. Bank RBK, Freedom Bank, and Kaspi Bank showed the highest growth dynamics among the top 10.
  3. The share of non-performing loans (NPL 90+) remains low at 4.1%.
FinteqstanJune 24, 2026, 09:31 AM
Kazakhstan's Bank Loan Portfolio Grows by 18%. Bank RBK, Freedom, and Kaspi Lead the Pack

By May 1, 2026, the aggregate loan portfolio of Kazakhstani banks reached 43.78 trillion tenge. Over the year, the indicator grew by 17.6%.

What Happened

According to the analytical portal Ranking.kz, 17 out of the country’s 23 operating banks posted gains. Bank RBK demonstrated the highest growth rate among the top ten players: its loan portfolio increased by 39.6%, reaching 1.6 trillion tenge.

Freedom Bank took second place in terms of growth rate, adding 25.4% (up to 1.1 trillion tenge). Rounding out the top three is Kaspi Bank, which added 24.3% (up to 8.1 trillion tenge).

Country and Market

Kazakhstan’s banking sector remains highly concentrated. The top 10 lending banks account for 92.1% of all issued loans, amounting to 40.3 trillion tenge. The remaining players share less than 8% of the market.

Among the top ten, notable growth was also shown by Otbasy Bank (+21.5%), Bank CenterCredit (+20.3%), Bereke Bank (+19.2%), and ForteBank (+19%). Finteqstan previously reported that Bank CenterCredit is actively expanding cross-border services, while ForteBank recorded growth in small business lending—current statistics confirm the general trend of major players expanding their active operations.

Why It Matters

The main indicator of the sector’s health is the share of loans overdue by more than 90 days (NPL 90+). Despite the active issuance of new loans to the economy and the public, this indicator remains low, averaging 4.1% across the market.

What’s Next

Kazakhstani banks are increasing financing volumes without compromising portfolio quality, confirming the effectiveness of scoring models amid fierce competition for borrowers.

Why it matters

Despite the active issuance of new loans to the economy and the public, the banking sector maintains a healthy portfolio, with non-performing loans (NPL 90+) averaging just 4.1% across the market.

Dig deeper

Финтех КазахстанаКластер с новостями, картой темы и ссылками по рынку.Что такое финтех в КазахстанеEvergreen-гайд по рынку и ключевым сигналам.Цифровой тенге: что известноEvergreen-гайд по CBDC, платежам и инфраструктуре.Bank CenterCredit Launches UnionPay QR Payments Abroad and WeChat Pay in ChinaThe Kazakhstani bank has added a feature to its mobile app for scanning Asian payment terminals.

Mentioned companies

Bank RBKБанкbcc.kzБанкBereke Bank - Онлайн БанкБанкForteApp: Кошелёк в смартфонеБанкFreedom SuperAppБанкKaspi.kz суперприложениеБанк