Kazakhstanis’ Loan Debt Reaches 27.8 Trillion Tenge
The total amount of loans owed by Kazakhstan’s population increased by 3.3 trillion tenge over the past year, reaching 27.8 trillion tenge. This is according to data from the National Bank as of July 1, 2026.
According to the National Bank, the total volume of loans issued to Kazakhstan’s economy currently stands at 53.2 trillion tenge. Of this amount, 27.8 trillion tenge accounts for loans taken out by individuals.
For comparison, in July 2025, Kazakhstanis’ total loan debt stood at 24.5 trillion tenge. Thus, over the year, household borrowing increased by 3.3 trillion tenge, or approximately 13.5%.
Business Debt Also on the Rise
The volume of loans issued to businesses reached 25.4 trillion tenge as of July 1, 2026. A year earlier, in July 2025, companies and entrepreneurs owed 21.1 trillion tenge in loans.
Overall, lending to Kazakhstan’s economy increased by 16.5% over the year.
Meanwhile, mortgage organizations issued 4.4 trillion tenge in loans, while the volume of loans provided by microfinance organizations reached 3.1 trillion tenge.
Authorities Seek to Cool the Credit Market
Amid the growing debt burden on households, the government and financial regulators are taking measures to curb lending activity. Requirements for issuing loans and for borrowers are being tightened.
Banks have also begun shifting their focus from attracting new customers to giving priority to existing, reliable borrowers.
For the first time in several years, the number of new borrowers decreased by 32,000 this year. This may be one of the initial results of measures aimed at restraining demand in the credit market.
Nevertheless, the overall volume of household debt continues to grow, indicating that demand for borrowed funds among Kazakhstanis remains high.