NBK chief says credit overheating halted
This digest was compiled by AI from multiple sources — links to the originals are below.
National Bank Governor Timur Suleimenov said credit overheating has been halted. The announcement came during a briefing on June 18 in Astana.
The Statement
Timur Suleimenov told reporters on June 18 that the National Bank had succeeded in curbing credit overheating. He attributed the achievement to tighter macroprudential measures introduced earlier this year. The central bank raised the countercyclical capital buffer to 1.5% in March.
Credit Growth Data
Consumer lending growth slowed to 12% year-on-year in May, down from 18% in December 2025. Mortgage lending expanded at 8%, compared with 14% six months earlier. Suleimenov said the trend was sustainable.
What's Next
The National Bank will review the countercyclical buffer rate at its next meeting in July. It remains unclear whether further tightening will be needed if inflation pressures persist.
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NBK chief says credit overheating halted
