Deposits of Kazakhstani citizens in banks increased by 4 trillion tenge over the year, according to analysts at Finprom.kz. This was reported by Qazaqyia.kz citing Kursiv Media.
According to analysts, bank deposits remain one of the most sought-after financial products on the market. Kazakhstani citizens continue to use them for storing and accumulating funds.
As of the end of April, deposits of individuals in second-tier banks increased both month-on-month and year-on-year. Over the month, the total amount of household deposits rose by 1.4%, or 396 billion tenge, reaching 28.6 trillion tenge.
However, the dynamics varied across individual banks. Of the 23 second-tier banks, 13 showed positive results, nine recorded a decline, and one bank has no deposits from individuals.
On a monthly basis, Kaspi Bank showed the largest increase in deposits — plus 162 billion tenge, or 2.3%. As of early May 2026, the volume of household deposits at the bank reached 7.1 trillion tenge. This accounts for nearly a quarter of the entire market and is one of the highest figures among second-tier banks.
In second place was Bank CenterCredit, where deposits grew by 100 billion tenge, or 3%, to 3.5 trillion tenge. Third place went to Halyk Bank with an increase of 51 billion tenge, or 0.7%.
Analysts note that the monthly dynamics are a continuation of the overall trend of recent years. In the long term, the household deposit market maintains steady growth.
Over the year, the total amount of individual deposits in second-tier banks increased by 15.5%. Over the past five years, the volume of deposits has grown annually by an average of 19.5%.
However, not all banks contributed to the growth. Of the 23 second-tier banks, 11 showed positive annual dynamics. The main drivers were the largest market players.
The leader in annual deposit growth was Kaspi Bank — plus 1.2 trillion tenge, or 20%. In second place was Otbasy Bank, where deposit volume increased by 724.7 billion tenge, or 28.2%. The top three was rounded out by Halyk Bank with an increase of 663.9 billion tenge, or 9.4%.
According to analysts, the growth in deposits is due to several factors.
First, public trust in the banking system is increasing. Banks remain one of the most understandable and reliable instruments for storing funds.
Second, the profitability of deposits plays an important role. Against the backdrop of persistently high interest rates, depositors view deposits not only as a way to save but also as an opportunity to increase their savings.
Third, the digitalization of the financial sector is influencing the market. Today, it is possible to open a deposit, top it up, and manage money through a mobile app without visiting a bank branch.
In addition, banking apps offer tools for personal finance management, automatic savings, and expense tracking. This also supports public interest in deposit products.
According to Finprom.kz, the current dynamics show that Kazakhstani citizens continue to actively build savings through bank deposits. The growth in deposits indicates the development of a savings culture and increased trust in the banking sector.
Earlier, Kursiv reported that Home Credit Bank reduced the profitability of a number of deposits and deposit certificates starting June 13. For some products, rates were cut by several percentage points.