The amount of banks' lending to the economy of Kazakhstan for August 2011 increased by 1.2%

/IRBIS, October 12, 2011/ - The total volume of banks' lending to the economy in August 2011 rose by 1.2% to KZT 8,281.1 billion (an increase from the beginning of the year at 9.1%), reported today the National Bank of Kazakhstan. The volume of credits in national currency increased by 2.2% to 5,161.8 billion, in foreign currency - decreased by 0.5% to 3,119.3 billion tenge. The share of loans in tenge in August 2011 compared to July 2011 increased from 61.7% to 62.3%. Long-term lending in August 2011 increased by 0.4% to 6,828.8 billion, short-term increased by 5.2% to 1,452.3 billion KZT. The share of long-term debt in August 2011 compared to July 2011 decreased from 83.1% to 82.5%. Loans to legal entities for August 2011 increased by 1.8% to 6,056.0 bln, individuals - fell by 0.4% to 2,225.1 billion. The share of loans to individuals decreased from 27.3% in July 2011 to 26.9% in August 2011. Lending to small businesses for August 2011 decreased by 2.2% to 1,340.5 billion, representing 16.2% of the total credits to economy. In the sectoral breakdown of the most significant amount of bank loans falls on economy sectors such as trade (share in total - 20.5%), industry (11.6%), construction (18.3%), transport (4.0% ) and agriculture (3.8%). In August 2011 the weighted average interest rate on loans in national currency of nonbank legal entities was 11.8% (in July 2011 - 12.0%), natural persons - 19.9% (21.0%). [2011-10-12]