The President of Kazakhstan received Madina Abylkasymova, Chairwoman of the Agency for Regulation and Development of the Financial Market. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
According to Madina Abylkasymova, within the framework of supervisory activities, the agency conducted 279 inspections of financial sector entities over 8 months. 190 supervisory measures were applied, and fines totaling 465 million tenge were imposed.
Additionally, 13 entities operating in the microfinance and collection agency market were stripped of their licenses, six had their licenses temporarily suspended, and 4 collection agencies were removed from the register.
Business loans increased by 3.5 percent, reaching 16 trillion tenge. The volume of new loans to entrepreneurship has grown by 19.1 percent since the beginning of the year, amounting to 12.5 trillion tenge.
As a result of regulatory measures, the growth of consumer loans slowed to 4.6 percent over 7 months, the statement said.
As the agency head stated, since July of this year, the Finkelisimkz platform for collective settlement of overdue debts has been launched. By the end of the year, the office of the Unified Financial Ombudsman will begin operating to handle citizens' appeals.
The Head of State gave a number of instructions on ensuring financial stability, widespread use of artificial intelligence in the financial sector, increasing lending to real sectors of the economy, as well as further development of the capital and insurance markets.