Kazakhstan household debt to banks exceeds 25 trillion tenge
This digest was compiled by AI from multiple sources — links to the originals are below.
Kazakhstan's household debt to banks reached 25.5 trillion tenge as of May 2026, according to the National Bank. Consumer loans account for 67% of the total, while mortgages grew 5.3% since the start of the year. Average interest rates on new consumer loans rose to 23.2% in May.
Debt Composition
Consumer loans make up the bulk of household debt at 17.1 trillion tenge (67%), followed by mortgages at 7.3 trillion tenge (29%) and other loans at 1.08 trillion tenge (4%). Mortgage growth outpaced consumer lending, rising 5.3% year-to-date versus 2.5% for consumer loans, according to the Financial Market Regulation and Development Agency (FMRDA).
Rising Borrowing Costs
The weighted average interest rate on new consumer loans increased to 23.2% in May from 23.0% in April, while the overall rate for household loans rose to 21.4% from 21.2%. For businesses, the average rate on tenge-denominated loans edged up to 22.3% from 22.0%, driven by higher costs for large corporates.
Delinquency Trends
As of June 1, the share of non-performing loans (NPL90+) stood at 4.2% of the total portfolio, or 1.9 trillion tenge. Retail NPLs reached 4.9% (1.2 trillion tenge), while corporate NPLs were lower at 3.3% (616 billion tenge). The largest concentration of household debt is in Almaty (7.54 trillion tenge), followed by Astana (4.17 trillion tenge) and Shymkent (2.03 trillion tenge).
What's Next
The FMRDA is expected to release June lending data in the coming weeks. It remains unclear whether rising rates will curb demand for consumer loans or further accelerate mortgage growth.
1 source
Kazakhstan household debt to banks exceeds 25 trillion tenge
