THE TOTAL VOLUME OF BANK CREDITS TO ECONOMY OF KAZAKHSTAN INCREASED IN JULY 2001 ON 3,8% TO 397 BILLION TENGE

The total volume of credits of commercial banks to Kazakhstan's economy in July increased on 3,8% ( from the beginning of 2001 - on 43,7%) to 397 billion tenge, or more than $2,7 billion , as was announced in the National bank of Kazakhstan.

According to the National bank data, to the real sectors was given credits on the sum of 105,4 billion tenge, that is the highest figure since the beginning of 2001 year.

In the total volume of credits proportion of middle and long term credits increased in July 2001 to the highest level for time of the development of the credit market of the country formed 51,3%.

In a whole for August middle and long term bank's credits increased on 9,8% to 203,4 billion tenge, so short term credits decreased on 1,9% formed 193,5 billion tenge.

Small businesses in July got new credits on the sum of 21,5 billion tenge. From the beginning of the year the total volume of the credits to the small businesses increased on 29% or on 21,6 billion tenge.

The important moment is decreasing of income level in credits. Average weigh rewarded rate in tenge credits to legal persons in July decreased from 17,3% to 16,5 % , in currency credits - to 14,2%.