Financial Sector Assessment : Republic of Kazakhstan
The Kazakhstan financial sector remains dominated by domestic commercial banks. The banking sector is largely domestically owned, private, and relatively concentrated, with the largest five banks accounting for 78 percent of total banking assets. T...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English |
| Published: |
Washington, DC
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090701024605 http://hdl.handle.net/10986/3058 |
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okr-10986-3058 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY ACCOUNTING AFFILIATED COMPANIES AFFILIATES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUTONOMY BALANCE SHEET BANK ACCOUNTS BANK ASSETS BANK BORROWINGS BANK CREDIT BANK DEPOSITS BANK INTEREST RATES BANK LIQUIDATION BANK LIQUIDITY BANK PROFITABILITY BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING DISTRESS BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BORROWER BUDGET SURPLUS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CDS CENTRAL BANK CENTRAL BANK NOTES CLASSIFIED LOANS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOANS COMMODITY PRICES CONNECTED LENDING CONSOLIDATED SUPERVISION CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE BONDS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT LOSSES CREDIT MARKETS CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT RISKS CURRENT ACCOUNT DEFICIT DEBT BURDEN DEBT INSTRUMENTS DEBT MARKETS DEBT RATIO DEBT RECOVERY DEBT REPAYMENTS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DERIVATIVE DOMESTIC CREDIT DOMESTIC FINANCIAL MARKET DOMESTIC LIQUIDITY DOMESTIC MARKET ENFORCEMENT SYSTEM EXCESS LIQUIDITY EXCHANGE RATE EXTERNAL BORROWING EXTERNAL FUNDING FINANCIAL DEVELOPMENTS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RATIOS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FISCAL DISCIPLINE FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE MARKET FOREIGN FINANCING FOREIGN MARKETS FORWARD RATES FUTURE CREDIT GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKET DEVELOPMENT GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT SECURITIES GROSS SETTLEMENT SYSTEM HOLDINGS HOUSING FINANCE INDEBTEDNESS INFLATION INFRASTRUCTURE BONDS INSTITUTIONAL INVESTORS INSURANCE COMPANIES INSURANCE PREMIUM INTEREST RATE INTERNAL CONTROLS INTERNATIONAL CREDIT INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT RESTRICTIONS INVESTMENT VEHICLE ISSUANCE LEGAL FRAMEWORK LENDER LIQUIDATION LIQUIDITY LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LIQUIDITY RATIOS LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN QUALITY LONG-TERM CAPITAL LONG-TERM LOANS MANDATES MARKET CONFIDENCE MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET LIQUIDITY MARKET TRADES MARKET TRANSACTIONS MATURITIES MATURITY MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKETS MONEY SUPPLY MORAL HAZARD MORTGAGE MORTGAGE MARKET NATIONAL BANK NATURAL RESOURCES NET INTEREST MARGIN NON-PERFORMING LOANS OIL PRICES OPERATIONAL INDEPENDENCE OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PENSION PENSION FUNDS PLEDGES PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PRIVATE PLACEMENTS PROFITABILITY ANALYSIS PRUDENTIAL REQUIREMENTS PUBLIC ASSETS PUBLIC DEBT REAL ESTATE LENDING RECAPITALIZATION REGULATORY CAPACITY REGULATORY FRAMEWORK REPAYMENT REPAYMENT SCHEDULES RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGES RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAFETY NET SECONDARY MARKET SECONDARY TRADING SETTLEMENT SHAREHOLDERS SOLVENCY SOVEREIGN RISK STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION SUBSIDIARIES SUPERVISORY AUTHORITY SWAPS TOTAL DEBT TURNOVER VALUATION VALUATIONS YIELD CURVE YIELD SPREADS |
| spellingShingle |
ACCOUNTABILITY ACCOUNTING AFFILIATED COMPANIES AFFILIATES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUTONOMY BALANCE SHEET BANK ACCOUNTS BANK ASSETS BANK BORROWINGS BANK CREDIT BANK DEPOSITS BANK INTEREST RATES BANK LIQUIDATION BANK LIQUIDITY BANK PROFITABILITY BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING DISTRESS BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BORROWER BUDGET SURPLUS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CDS CENTRAL BANK CENTRAL BANK NOTES CLASSIFIED LOANS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOANS COMMODITY PRICES CONNECTED LENDING CONSOLIDATED SUPERVISION CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE BONDS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT LOSSES CREDIT MARKETS CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT RISKS CURRENT ACCOUNT DEFICIT DEBT BURDEN DEBT INSTRUMENTS DEBT MARKETS DEBT RATIO DEBT RECOVERY DEBT REPAYMENTS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DERIVATIVE DOMESTIC CREDIT DOMESTIC FINANCIAL MARKET DOMESTIC LIQUIDITY DOMESTIC MARKET ENFORCEMENT SYSTEM EXCESS LIQUIDITY EXCHANGE RATE EXTERNAL BORROWING EXTERNAL FUNDING FINANCIAL DEVELOPMENTS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RATIOS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FISCAL DISCIPLINE FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE MARKET FOREIGN FINANCING FOREIGN MARKETS FORWARD RATES FUTURE CREDIT GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKET DEVELOPMENT GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT SECURITIES GROSS SETTLEMENT SYSTEM HOLDINGS HOUSING FINANCE INDEBTEDNESS INFLATION INFRASTRUCTURE BONDS INSTITUTIONAL INVESTORS INSURANCE COMPANIES INSURANCE PREMIUM INTEREST RATE INTERNAL CONTROLS INTERNATIONAL CREDIT INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT RESTRICTIONS INVESTMENT VEHICLE ISSUANCE LEGAL FRAMEWORK LENDER LIQUIDATION LIQUIDITY LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LIQUIDITY RATIOS LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN QUALITY LONG-TERM CAPITAL LONG-TERM LOANS MANDATES MARKET CONFIDENCE MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET LIQUIDITY MARKET TRADES MARKET TRANSACTIONS MATURITIES MATURITY MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKETS MONEY SUPPLY MORAL HAZARD MORTGAGE MORTGAGE MARKET NATIONAL BANK NATURAL RESOURCES NET INTEREST MARGIN NON-PERFORMING LOANS OIL PRICES OPERATIONAL INDEPENDENCE OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PENSION PENSION FUNDS PLEDGES PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PRIVATE PLACEMENTS PROFITABILITY ANALYSIS PRUDENTIAL REQUIREMENTS PUBLIC ASSETS PUBLIC DEBT REAL ESTATE LENDING RECAPITALIZATION REGULATORY CAPACITY REGULATORY FRAMEWORK REPAYMENT REPAYMENT SCHEDULES RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGES RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAFETY NET SECONDARY MARKET SECONDARY TRADING SETTLEMENT SHAREHOLDERS SOLVENCY SOVEREIGN RISK STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION SUBSIDIARIES SUPERVISORY AUTHORITY SWAPS TOTAL DEBT TURNOVER VALUATION VALUATIONS YIELD CURVE YIELD SPREADS World Bank Financial Sector Assessment : Republic of Kazakhstan |
| geographic_facet |
Europe and Central Asia Eastern Europe Commonwealth of Independent States Central Asia Asia Kazakhstan |
| description |
The Kazakhstan financial sector remains
dominated by domestic commercial banks. The banking sector
is largely domestically owned, private, and relatively
concentrated, with the largest five banks accounting for 78
percent of total banking assets. The share of foreign banks
has increased to about 15 percent of total banking assets
after some recent acquisitions. The stress testing included
single factor sensibility and scenario analysis and focused
on the potential impacts of the two main risks being faced
by the banking system, liquidity and credit risks. The
exercise looked into the potential impact of: (i) the
ongoing liquidity crunch and worsening external funding
conditions; and (ii) asset and collateral quality
deterioration, particularly for construction, real estate,
and consumer lending. Some progress has been achieved in
strengthening the prudential framework and improving bank
governance. However, there is a need to move towards
risk-based supervision with more attention to banks'
use of risk management systems and internal controls,
strengthen the capacity to implement effective consolidated
and cross-border supervision, build up stress testing
capacity, improve the approach to asset classification and
valuation, and develop liquidity risk monitoring capacity.
The financial sector assessment (FSA) has taken a more
proactive approach in dealing with banks under stress but
staff turnover and capacity building issues hinder efforts.
The 2004 mission recommendation to increase focus on
liquidity risk of individual institutions has not been
implemented effectively and, as a result, reliance on
wholesale funding continues to pose risks. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Financial Sector Assessment : Republic of Kazakhstan |
| title_short |
Financial Sector Assessment : Republic of Kazakhstan |
| title_full |
Financial Sector Assessment : Republic of Kazakhstan |
| title_fullStr |
Financial Sector Assessment : Republic of Kazakhstan |
| title_full_unstemmed |
Financial Sector Assessment : Republic of Kazakhstan |
| title_sort |
financial sector assessment : republic of kazakhstan |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090701024605 http://hdl.handle.net/10986/3058 |
| _version_ |
1764386404896342016 |
| spelling |
okr-10986-30582021-04-23T14:02:06Z Financial Sector Assessment : Republic of Kazakhstan World Bank ACCOUNTABILITY ACCOUNTING AFFILIATED COMPANIES AFFILIATES ASSET CLASSIFICATION ASSET MANAGEMENT ASSET QUALITY AUTONOMY BALANCE SHEET BANK ACCOUNTS BANK ASSETS BANK BORROWINGS BANK CREDIT BANK DEPOSITS BANK INTEREST RATES BANK LIQUIDATION BANK LIQUIDITY BANK PROFITABILITY BANK SUPERVISION BANKING ASSETS BANKING CRISIS BANKING DISTRESS BANKING LAW BANKING SECTOR BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BORROWER BUDGET SURPLUS CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENTS CDS CENTRAL BANK CENTRAL BANK NOTES CLASSIFIED LOANS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOANS COMMODITY PRICES CONNECTED LENDING CONSOLIDATED SUPERVISION CONSUMER CREDIT CONSUMER LOANS CONTINGENCY PLANNING CORPORATE BONDS CORPORATE GOVERNANCE CREDIT GROWTH CREDIT LOSSES CREDIT MARKETS CREDIT QUALITY CREDIT RATINGS CREDIT RISK CREDIT RISKS CURRENT ACCOUNT DEFICIT DEBT BURDEN DEBT INSTRUMENTS DEBT MARKETS DEBT RATIO DEBT RECOVERY DEBT REPAYMENTS DEFAULTS DEPOSIT DEPOSIT INSURANCE DEPOSITOR DEPOSITORS DERIVATIVE DOMESTIC CREDIT DOMESTIC FINANCIAL MARKET DOMESTIC LIQUIDITY DOMESTIC MARKET ENFORCEMENT SYSTEM EXCESS LIQUIDITY EXCHANGE RATE EXTERNAL BORROWING EXTERNAL FUNDING FINANCIAL DEVELOPMENTS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RATIOS FINANCIAL RISKS FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FISCAL DISCIPLINE FOREIGN BANKS FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY LOANS FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE EXPOSURE FOREIGN EXCHANGE MARKET FOREIGN FINANCING FOREIGN MARKETS FORWARD RATES FUTURE CREDIT GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BOND MARKET DEVELOPMENT GOVERNMENT DEBT GOVERNMENT DEBT SECURITIES GOVERNMENT FUNDING GOVERNMENT INTERVENTION GOVERNMENT SECURITIES GROSS SETTLEMENT SYSTEM HOLDINGS HOUSING FINANCE INDEBTEDNESS INFLATION INFRASTRUCTURE BONDS INSTITUTIONAL INVESTORS INSURANCE COMPANIES INSURANCE PREMIUM INTEREST RATE INTERNAL CONTROLS INTERNATIONAL CREDIT INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INVESTMENT FUNDS INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT RESTRICTIONS INVESTMENT VEHICLE ISSUANCE LEGAL FRAMEWORK LENDER LIQUIDATION LIQUIDITY LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LIQUIDITY RATIOS LIQUIDITY RISK LIQUIDITY RISKS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOAN QUALITY LONG-TERM CAPITAL LONG-TERM LOANS MANDATES MARKET CONFIDENCE MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET LIQUIDITY MARKET TRADES MARKET TRANSACTIONS MATURITIES MATURITY MONETARY FUND MONETARY POLICY MONEY MARKET MONEY MARKETS MONEY SUPPLY MORAL HAZARD MORTGAGE MORTGAGE MARKET NATIONAL BANK NATURAL RESOURCES NET INTEREST MARGIN NON-PERFORMING LOANS OIL PRICES OPERATIONAL INDEPENDENCE OUTSTANDING DEBT OUTSTANDING DEBT SECURITIES OWNERSHIP STRUCTURE PAYMENT OBLIGATIONS PENSION PENSION FUNDS PLEDGES PORTFOLIO PORTFOLIO QUALITY PORTFOLIOS PRIVATE PLACEMENTS PROFITABILITY ANALYSIS PRUDENTIAL REQUIREMENTS PUBLIC ASSETS PUBLIC DEBT REAL ESTATE LENDING RECAPITALIZATION REGULATORY CAPACITY REGULATORY FRAMEWORK REPAYMENT REPAYMENT SCHEDULES RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RESIDENTIAL MORTGAGES RISK FACTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEMS SAFETY NET SECONDARY MARKET SECONDARY TRADING SETTLEMENT SHAREHOLDERS SOLVENCY SOVEREIGN RISK STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION SUBSIDIARIES SUPERVISORY AUTHORITY SWAPS TOTAL DEBT TURNOVER VALUATION VALUATIONS YIELD CURVE YIELD SPREADS The Kazakhstan financial sector remains dominated by domestic commercial banks. The banking sector is largely domestically owned, private, and relatively concentrated, with the largest five banks accounting for 78 percent of total banking assets. The share of foreign banks has increased to about 15 percent of total banking assets after some recent acquisitions. The stress testing included single factor sensibility and scenario analysis and focused on the potential impacts of the two main risks being faced by the banking system, liquidity and credit risks. The exercise looked into the potential impact of: (i) the ongoing liquidity crunch and worsening external funding conditions; and (ii) asset and collateral quality deterioration, particularly for construction, real estate, and consumer lending. Some progress has been achieved in strengthening the prudential framework and improving bank governance. However, there is a need to move towards risk-based supervision with more attention to banks' use of risk management systems and internal controls, strengthen the capacity to implement effective consolidated and cross-border supervision, build up stress testing capacity, improve the approach to asset classification and valuation, and develop liquidity risk monitoring capacity. The financial sector assessment (FSA) has taken a more proactive approach in dealing with banks under stress but staff turnover and capacity building issues hinder efforts. The 2004 mission recommendation to increase focus on liquidity risk of individual institutions has not been implemented effectively and, as a result, reliance on wholesale funding continues to pose risks. 2012-03-19T17:23:28Z 2012-03-19T17:23:28Z 2009-06 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090701024605 http://hdl.handle.net/10986/3058 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Europe and Central Asia Eastern Europe Commonwealth of Independent States Central Asia Asia Kazakhstan |