Loan portfolio of small companies of AIC increased in 1.5times for the year

Loans to agriculture, forestry and fishery for the year decreased by 0.4% and amounted to KZT 665.9 billion. For comparison, the year earlier a significant growth was shown in the sector – by 33.7%. at that in whole the volume of STB’s loan portfolio at the end of February 2018 amounted to KZT 12.5 trillion that is 1.6% more than in the last year. Thus, share of AIC loans decreased year-to-year from 5.4% to 5.3%. it is information of capital.kz with reference to ranking.kz.

Meanwhile according to the information, despite decrease of agricultural lending in whole in Kazakhstan, in 12 regions of 16 the volume of loans allocated to support AIC increased for the year.
As it is said in the message, the leader is Almaty region with annual growth in 2.1 times, till KZT 3.9 billion. Share from RK grew from 0.3% to 0.6%. the next is Akmola region with growth by 91.4% till KZT 46.9 billion. Share from RK grew from 3.7% till 7%. And the last in the leasing three is the North-Kazakhstan region – plus 60.1% year-to-year, till KZT 8.4 billion. Share from RK grew from 0.8% till 1.3%.
Moreover, in the field of small business the AIC lending suffers the sharp growth. For the last year, as of the end of February 2018, amount of loans in the industry grew in 1.5 times till KZT 349 billion. The year earlier the loan portfolio showed the annual growth in 2.7 times already.
Share of loans to small business in agriculture grew from 1.9% to 2.8% from the whole lending market, and in the portfolio of loans to small business it takes 12.8%, the year earlier – 7.7%.
As it is said in the message, significant support to small business in AIC is made by “Fund for financial support of agriculture” JSC, a company in the structure of “KazAgro” National management holding” JSC. According to the Fund during 2017 number of active borrowers increased by 7.2 thousand, till 43.8 thousand people. In 2018 the Fund plans financing in sum of KZT 45 billion.
FOR REFERENCE: “Fund for financial support of agriculture” JSC implements several financing programs which are aimed at support of Kazakhstan agricultural producers. The rates of lending programs of the Funds amounts to 4-6% per annum, the effective rate is not more than 4.4-6.7%. maximum loan sum varies from KZT 3 million till KZT 85 million, most of all – till 8 000 MCI and up to KZT 6 million.
Maximum loan term is from 36 till 120 months dependent on the product. 
 

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