Kazakhstan Banks Face Deposit Competition as Corporate Withdrawals Hit $1.5 Trillion Tenge
Kazakhstan's business clients withdrew 1.5 trillion tenge from banks in the first two months of 2026. This withdrawal reduced the corporate share of bank liabilities to 32%, increasing reliance on individual deposits. The shift occurs even as banks adjust to changing financial dynamics.
Corporate Withdrawals
In the first two months of 2026, business clients withdrew 1.5 trillion tenge from Kazakhstan's banks, according to Kursiv.kz. This significant outflow has reduced the corporate sector's share in bank liabilities to 32%. The National Bank of Kazakhstan has noted a shift in the banking sector's reliance towards individual deposits, which now account for 48% of total liabilities.
Banking Sector Adjustments
Kazakhstan's banks are adjusting to these changes by competing more aggressively for individual deposits. Kursiv Research indicates that banks are revising their strategies to attract more personal savings. The shift in focus comes as corporate clients reassess their financial commitments amid economic uncertainties.
What's Next
Kazakhstan's banks are expected to announce new measures to attract individual deposits. It remains unclear how these strategies will impact the overall stability of the banking sector.
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Kazakhstan Banks Face Deposit Competition as Corporate Withdrawals Hit $1.5 Trillion Tenge
