National Bank of Kazakhstan describes credit market of the republic in April 2008

/IRBIS, June 10, 08/ - The National Bank of the Republic of Kazakhstan in its press release on the state of the financial market of republic cited information on the condition of the credit market of in April 2008. Quotation start The total volume of the primary debt on banks' credits to economy for April 2008 has increased by 0.04%, compared to March 2008, (compared to December 2007 - by 0.01%) and totaled KZT7259 bn. Credits in the national currency decreased by 0.1% during the month and totaled KZT4165.7 bn., credits in foreign currency increased by 0.2%, having totaled KZT3093.3 bn. As a result, the unit weight of tenge credits compared to March 2008 did not change and made 57.4%. Long-term credits decreased by 0.4%, having totaled KZT5837.9 bn., and short-term credits increased by 1.8%, having totaled KZT1412.2 bn. As a result, the unit weight of long-term credits decreased compared to March 2008 from 80.8% to 80.4%. Credits for legal entities in April increased by 0.4% and totaled KZT4745.4 bn., and credits for individuals decreased by 0.6%, having totaled KZT2513.6 bn. As a result, the unit weight of credits for physical entities for the month decreased from 34.9% to 34.6%. Credits of banks for subjects of small business for April compared to March increased by 0.8% (in comparison with December 2007 decreased by 0.4%) making KZT1500.1 bn. In the branch breakdown most actively are being credited such branches of economy as trade (21.8%), construction (17.8%), industry (9.6%) and agriculture (3.3%). In April 2008 the weighted average interest rate on credits in the national currency for individuals increased from 18.1% to 19.5% and on credits to legal entities decreased from 15.9% to 15.9%. Quotation end [2008-06-10]