Atyrau, August 17 12:28
Day clear+33, evening: +29
Official exchange rates: $ 360.87  € 410.27  P 5.40

Kazakhstan tops global non-performing loan rating

September 18 2013, 09:47

The World Bank has ranked Kazakhstan first in the 2012 global nonperforming loans rating with the most economies of the world listed.

Stunning 31% has raised Kazakhstan to absolute 'leaders', writes Forbes Kazakhstan.

In Top 10 in the WB's NPL anti-rating, Kazakhstan is followed by Ireland - 18.7%, Lithuania - 18%, Greece - 17.2%, Bulgaria - 16.9%, Romania - 16.8%, Hungary - 15.8%, Moldova - 15.2% and Ukraine 14.1%.

Luxembourg with 0.4% is in tail of list, according to the report.

Forbes Kazakhstan noted that Kazakh financial market players call nonperforming loans as nonreturnable that bankers may forget about.

As a financial analyst told on conditions of anonymity, fraud is the main cause of money losses in the Kazakh banking system.

It means internal corruption in banks and interested bank officials who knowingly approve nonreturnable transactions.


Нашли ошибку? Выделите её мышью и нажмите Ctrl + Enter.

1396 viewsMain page Поделиться:

Подпишитесь и узнавайте о новостях первыми

Similar news

IBRD to loan $36 million to Kazakhstan to enhance legal system  646 views

House loanees picketing banks in Kazakhstan  681 views

A loan agreement signed between Kazakhstan and the World Bank  1747 views

Japan invests in Atyrau refinery  1849 views

Main page