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Financial Sector Assessment Program Update : Republic of Kazakhstan - Bank Profitability and Competition

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-03T18:09:22Z
dc.date.available2013-10-03T18:09:22Z
dc.date.issued2004-08
dc.description.abstractThe purpose of this note is to explore the reasons for a comparatively high interest rate spread in Kazakhstan in the context of competition in the banking sector. In spite of significant gains in efficiency made in recent years, operational costs and provisioning for loan losses remain high compared to some other economies. Profitability of the aggregate banking system has increased in the face of lower interest spreads. A highly concentrated banking system could be an indicator of lack of competition, but it needs to be assessed with contestability conditions (openness to entry of banks). The lack of license applications since 2001 raises questions about the attractiveness of entry by new banks. Competitive and market contestability conditions will be further enhanced with the authorities' continuation of strong macroeconomic and financial policies, improvements in financial sector regulation and enforcement thus continuing the achievements during the last five years. Administrative measures to control interest rates (for instance, the ceiling on deposit rates introduced by the Deposit Insurance Fund and tax incentives) only distort financial intermediation, and are likely to be counterproductive.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/08/18004498/kazakhstan-bank-profitability-competition-technical-note
dc.identifier.doi10.1596/16064
dc.identifier.urihttps://hdl.handle.net/10986/16064
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING FRAMEWORK
dc.subjectBALANCE SHEET
dc.subjectBANK ASSETS
dc.subjectBANK BRANCHES
dc.subjectBANK LENDING
dc.subjectBANK MARGINS
dc.subjectBANK POLICY
dc.subjectBANK PROFITABILITY
dc.subjectBANK REGULATIONS
dc.subjectBANK SECRECY
dc.subjectBANKING INDUSTRY
dc.subjectBANKING MARKET
dc.subjectBANKING MARKETS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBANKS
dc.subjectBORROWING
dc.subjectBRANCH NETWORKS
dc.subjectBROAD MONEY
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT LIBERALIZATION
dc.subjectCAPITAL MARKETS
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMER PROTECTION
dc.subjectCOST STRUCTURE
dc.subjectCOUNTRY COMPARISONS
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectDEBIT CARDS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT RATE
dc.subjectDEPOSIT RATES
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDOMESTIC BANKING
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC GROWTH
dc.subjectENTRY REQUIREMENTS
dc.subjectEXTRAORDINARY INCOME
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEMS
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLEXIBLE EXCHANGE RATE REGIME
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANK ENTRY
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN ENTRY
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNMENT SECURITIES
dc.subjectHOUSING
dc.subjectINCOME GROUPS
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMATION ON BORROWERS
dc.subjectINTEREST EXPENSE
dc.subjectINTEREST EXPENSES
dc.subjectINTEREST INCOME
dc.subjectINTEREST INCOMES
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT DISPUTES
dc.subjectJUDICIAL SYSTEM
dc.subjectLACK OF COMPETITION
dc.subjectLAWS
dc.subjectLEVEL OF INTEREST RATES
dc.subjectLOAN
dc.subjectLOANABLE FUNDS
dc.subjectLOSS STATEMENTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC UNCERTAINTY
dc.subjectMARKET PARTICIPANTS
dc.subjectMONETARY FUND
dc.subjectMONOPOLY
dc.subjectMORTGAGE
dc.subjectMORTGAGE COMPANY
dc.subjectMORTGAGE CREDIT
dc.subjectMORTGAGE LENDING
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGES
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND INDUSTRY
dc.subjectNET INTEREST MARGIN
dc.subjectNEW ENTRANTS
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectOPERATING COSTS
dc.subjectOPERATING EXPENSES
dc.subjectOPERATING INCOME
dc.subjectOVERHEAD COSTS
dc.subjectPOWER PARITY
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROPERTY RIGHTS ENFORCEMENT
dc.subjectPROVISIONING RULES
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPURCHASING POWER
dc.subjectREAL ESTATE
dc.subjectREAL ESTATE INVESTMENT
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY CAPITAL
dc.subjectREGULATORY RESTRICTIONS
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRESTRICTIONS ON ENTRY
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectROA
dc.subjectSAVINGS
dc.subjectSAVINGS BANK
dc.subjectSECRECY LAW
dc.subjectSECURITIES
dc.subjectSETTLEMENT
dc.subjectSHARE OF ASSETS
dc.subjectSHAREHOLDERS
dc.subjectSTATEMENT
dc.subjectSTOCK DATA
dc.subjectSUPERVISION OF BANKS
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTAX
dc.subjectTAX INCENTIVES
dc.subjectTIME DEPOSIT
dc.subjectTRADE SECTORS
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleFinancial Sector Assessment Program Update : Republic of Kazakhstan - Bank Profitability and Competitionen
dspace.entity.typePublication
okr.date.disclosure2013-07-15
okr.date.doiregistration2025-05-07T10:50:17.625258Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/08/18004498/kazakhstan-bank-profitability-competition-technical-note
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid310551468272380946
okr.identifier.externaldocumentum000333037_20130715145407
okr.identifier.internaldocumentum18004498
okr.identifier.report79205
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/15/000333037_20130715145407/Rendered/PDF/792050WP0Kazak0Box0377369B00Public0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKazakhstan
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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