EC[ON]OMY

Analysis of Population Deposits in Banks of Kazakhstan

At the end of June, 2024, the total amount of population deposits in the banks of Kazakhstan amounted to 21.7 trillion tenge.

At the end of December, 2023, this figure was 20.1 trillion tenge. Thus, during the period under review, the total volume of deposits increased by 7.58%.

The main share of population deposits is in term deposits in the national currency. In January, 2024, the amount of term deposits in tenge was 11.1 trillion tenge; by the end of June, 2024, this amount had increased to 11.9 trillion tenge.

Term deposits in foreign currency also account for a significant share. In January, 2024, the amount of term deposits in foreign currency was 4.44 trillion tenge; by the end of June, 2024, this amount had increased to 4.46 trillion tenge.

The positive dynamics of deposits in the national currency indicate an increase in confidence in the economy and financial institutions of Kazakhstan. At the same time, there is a stable interest in deposits in foreign currency, which may be related to the desire to diversify risks and protect savings from currency fluctuations and inflation.

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