Summary
Banks in Kazakhstan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Kazakhstani banking industry recorded assets of $149.3 billion in 2024, representing a compound annual growth rate (CAGR) of 17.9% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $74.1 billion, equivalent to 49.6% of the industry's overall value.
- The Kazakhstani banking industry grew by 19.8% in 2024, primarily driven by the decline in bank lending rates, which reduces borrowing costs and encourages greater credit uptake. Lower lending rates stimulate demand for personal and business loans, leading to an expansion in the bank credit segment, which directly increases the total assets held by banks. The National Bank of Kazakhstan reduced its benchmark interest rate to 15.25% in December 2024, down from 15.75% in December 2023, facilitating broader access to credit.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Kazakhstan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Kazakhstan
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Kazakhstan banks market with five year forecasts
Reasons to Buy
- What was the size of the Kazakhstan banks market by value in 2024?
- What will be the size of the Kazakhstan banks market in 2029?
- What factors are affecting the strength of competition in the Kazakhstan banks market?
- How has the market performed over the last five years?
- What are the main segments that make up Kazakhstan's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Otbasy Bank JSC
8.2. Halyk Bank of Kazakhstan JSC
8.3. Sberbank Rossii
8.4. Kaspi Bank JSC
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Kazakhstan banks industry value: $ billion, 2019-24
Table 2: Kazakhstan banks industry category segmentation: % share, by value, 2019-24
Table 3: Kazakhstan banks industry category segmentation: $ billion, 2019-24
Table 4: Kazakhstan banks industry geography segmentation: $ billion, 2024
Table 5: Kazakhstan banks industry value forecast: $ billion, 2024-29
Table 6: Kazakhstan banks industry share: % share, by value, 2024
Table 7: Otbasy Bank JSC: Key Facts
Table 8: Halyk Bank of Kazakhstan JSC: Key Facts
Table 9: Halyk Bank of Kazakhstan JSC: Annual Financial Ratios
Table 10: Halyk Bank of Kazakhstan JSC: Key Employees
Table 11: Sberbank Rossii: Key Facts
Table 12: Sberbank Rossii: Annual Financial Ratios
Table 13: Sberbank Rossii: Key Employees
Table 14: Kaspi Bank JSC: Key Facts
Table 15: Kaspi Bank JSC: Key Employees
Table 16: Kazakhstan Size of Population (Million), 2020-24
Table 17: Kazakhstan Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Kazakhstan GDP (Current Prices, $ Billion), 2020-24
Table 19: Kazakhstan Inflation, 2020-24
Table 20: Kazakhstan Consumer Price Index (Absolute), 2020-24
Table 21: Kazakhstan Exchange Rate, 2019-24
List of Figures
Figure 1: Kazakhstan banks industry value: $ billion, 2019-24
Figure 2: Kazakhstan banks industry category segmentation: $ billion, 2019-24
Figure 3: Kazakhstan banks industry geography segmentation: % share, by value, 2024
Figure 4: Kazakhstan banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Kazakhstan, 2024
Figure 6: Drivers of buyer power in the banks industry in Kazakhstan, 2024
Figure 7: Drivers of supplier power in the banks industry in Kazakhstan, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Kazakhstan, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Kazakhstan, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Kazakhstan, 2024
Figure 11: Kazakhstan banks industry share: % share, by value, 2024
