Republic of Kazakhstan : Financial Sector Assessment Program Update—Technical Note—Bank Profitability and Competition

1KAZEA0022004 Image
Price:  $15.00

Release Date: © October, 2004
ISBN : 978-1-45182-087-4
Stock #: 1KAZEA0022004
Stock Status: On back-order

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This technical note explores the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared with some other economies. Rapid progress is being made in developing an efficient banking sector, and further improvements will depend on good supervisory and regulatory enforcement. The level of financial intermediation, although high among neighboring countries and growing, is still low in broader comparisons.

More publications in this series: IMF Staff Country Reports