By the end of September 2026, the aggregate loan portfolio of Kazakhstan’s banks increased by 1.1%, or almost 500 billion tenge.
This marks one of the strongest monthly gains since the beginning of the year. All major lending segments showed positive momentum: loans to non-financial corporates rose by 0.6% to 17.4 trillion tenge, lending to financial institutions surged by 13.3% to 1.5 trillion tenge, and retail loans added 0.7% to reach 26.7 trillion tenge.
Only 12 of the country’s 23 second-tier banks managed to expand their portfolios. RBK Bank led the pace with a 5.4% increase to 1.8 trillion tenge, followed by Alatau City Bank (up 5.1% to 1.3 trillion tenge) and ForteBank (up 2.5% to 3.2 trillion tenge). Year-on-year, the aggregate portfolio grew by 12.4%, or 5.2 trillion tenge.
