Regulatory Alerts2026-05-22
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Survey of banks: improving business activity is expected to support demand for lending activities in Q2
The National Bank of Kazakhstan published its quarterly bank lending survey, showing that Q1 2026 corporate credit demand slightly declined due to economic caution and state fund absorption, while mortgage and auto loan applications contracted amid higher rates and falling vehicle prices. Approval rates fell across most segments, though large business loan sizes surged, and banks project Q2 corporate lending demand to increase alongside stronger business activity. Retail lending is expected to stabilize at Q1 levels, with mortgage demand anticipated to recover modestly as market conditions adjust.
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