The volume of bank loans issued to the industrial and industrial sectors amounted to KZT 174.6 bln. At the end of the third quarter of the current year.
The volume of bank loans extended to the sector increased by 4.6 percent compared to the end of the third quarter of the previous year, indicating the highest growth rate in two years, reaching 166.9 billion riyals and net lending will reach 7.68 billion yiliats per year.
According to the analytical department of the "Economic" newspaper, the growth rate of industrial sector lending in the third quarter of this year was 2.87% in comparison with the second quarter of 2018, according to Saudi Arabia's Sama news agency.
The growth rate of sector lending by the end of the second quarter increased by 7.7% in comparison with the first quarter of the current year.
Thus, since the beginning of the current year, the total growth of bank lending to the industrial sector reached about 8.5%, or 13.7 billion tenge.
The volume of bank loans issued to the industrial sector was 12.1% of the total bank loans at the end of the third quarter of this year to 1.43 trillion rubles.
The industry sector is the second largest bank loan volume, accounting for about 19.8% of business activity.
The growth rate in 2017 was negative because, according to available data, the bank's loan decreased by 8.8 percent after seven years of stable growth.
The volume of banking sector transferred to the industrial sector in 2016 increased by 2.2%. It is expected that the industry sector lending will increase from 8% to 9% this year.
On the other hand, banks' liabilities to the private sector increased by 1.43 percent in September compared to the same period last year, which rose to RUR 19.49 billion, and continuing bank lending to the private sector for the sixth month.
The ratio of non-performing loans to aggregate loan made 1.8% at the end of the first half of this year, 1.4% in the same period last year.
* Department of Economic Reports