IMF urges Kazakhstan to monitor banking sector vulnerabilitiesThe International Monetary Fund (IMF) has urged Kazakh authorities to maintain close oversight of banking sector vulnerabilities, despite the system's overall stability, following a recent mission to the country.The IMF noted that while banks remain "well-capitalized, liquid, and profitable," ongoing monitoring of risk factors is essential. “Banks are healthy and financial stability risks remain contained, but vulnerabilities need to be monitored," the IMF said.The fund highlighted sustained growth in consumer lending as a key concern.  "Although total credit growth decelerated to about 20 percent (yoy) in March 2025, consumer credit remains elevated at around 31 percent (yoy). Distressed assets related to consumer loans have increased, remaining contained as a share of total assets," according to the statement.IMF backs Kazakhstan's plan to tighten lending rules to curb consumer credit risks. "Plans to tighten macroprudential policies are welcome and should help mitigate financial stability risks from rapid consumer lending growth," the statement reads.An International Monetary Fund (IMF) staff team led by Ali Al-Eyd visited Kazakhstan during May 15-23, 2025, to discuss recent economic and financial developments, the outlook, and the country’s policy and reform priorities.The country’s banking system comprises 21 institutions. (ICE ALMATY)

Fonte notizia: INTERFAX