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

dc.contributor.author International Monetary Fund
dc.contributor.author World Bank
dc.date.accessioned 2013-10-03T18:09:22Z
dc.date.available 2013-10-03T18:09:22Z
dc.date.issued 2004-08
dc.description.abstract The 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.identifier http://documents.worldbank.org/curated/en/2004/08/18004498/kazakhstan-bank-profitability-competition-technical-note
dc.identifier.uri http://hdl.handle.net/10986/16064
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject ACCOUNTING FRAMEWORK
dc.subject BALANCE SHEET
dc.subject BANK ASSETS
dc.subject BANK BRANCHES
dc.subject BANK LENDING
dc.subject BANK MARGINS
dc.subject BANK POLICY
dc.subject BANK PROFITABILITY
dc.subject BANK REGULATIONS
dc.subject BANK SECRECY
dc.subject BANKING INDUSTRY
dc.subject BANKING MARKET
dc.subject BANKING MARKETS
dc.subject BANKING SECTOR
dc.subject BANKING SERVICES
dc.subject BANKING SYSTEM
dc.subject BANKING SYSTEMS
dc.subject BANKS
dc.subject BORROWING
dc.subject BRANCH NETWORKS
dc.subject BROAD MONEY
dc.subject CAPITAL ACCOUNT
dc.subject CAPITAL ACCOUNT LIBERALIZATION
dc.subject CAPITAL MARKETS
dc.subject COMMERCIAL BANKS
dc.subject CONSUMER PROTECTION
dc.subject COST STRUCTURE
dc.subject COUNTRY COMPARISONS
dc.subject CREDIT BUREAUS
dc.subject CREDIT RISK
dc.subject CREDIT RISKS
dc.subject CREDITOR
dc.subject CREDITOR RIGHTS
dc.subject DEBIT CARDS
dc.subject DEPOSIT
dc.subject DEPOSIT INSURANCE
dc.subject DEPOSIT RATE
dc.subject DEPOSIT RATES
dc.subject DEPOSITORS
dc.subject DEPOSITS
dc.subject DOMESTIC BANKING
dc.subject ECONOMIC CRISIS
dc.subject ECONOMIC GROWTH
dc.subject ENTRY REQUIREMENTS
dc.subject EXTRAORDINARY INCOME
dc.subject FINANCIAL DEEPENING
dc.subject FINANCIAL INFORMATION
dc.subject FINANCIAL INTERMEDIATION
dc.subject FINANCIAL MARKETS
dc.subject FINANCIAL POLICIES
dc.subject FINANCIAL SECTOR
dc.subject FINANCIAL SYSTEMS
dc.subject FLEXIBLE EXCHANGE RATE
dc.subject FLEXIBLE EXCHANGE RATE REGIME
dc.subject FOREIGN BANK
dc.subject FOREIGN BANK ENTRY
dc.subject FOREIGN BANKS
dc.subject FOREIGN CURRENCY
dc.subject FOREIGN ENTRY
dc.subject FOREIGN EXCHANGE
dc.subject GOVERNMENT SECURITIES
dc.subject HOUSING
dc.subject INCOME GROUPS
dc.subject INFLATION
dc.subject INFLATION RATE
dc.subject INFORMATION ON BORROWERS
dc.subject INTEREST EXPENSE
dc.subject INTEREST EXPENSES
dc.subject INTEREST INCOME
dc.subject INTEREST INCOMES
dc.subject INTEREST RATE
dc.subject INTEREST RATE SPREAD
dc.subject INTEREST RATE SPREADS
dc.subject INTEREST RATES
dc.subject INTERNATIONAL BANK
dc.subject INTERNATIONAL CAPITAL
dc.subject INTERNATIONAL CAPITAL MARKETS
dc.subject INTERNATIONAL FINANCIAL STATISTICS
dc.subject INTERNATIONAL MARKETS
dc.subject INTERNATIONAL STANDARDS
dc.subject INVESTING
dc.subject INVESTMENT DISPUTES
dc.subject JUDICIAL SYSTEM
dc.subject LACK OF COMPETITION
dc.subject LAWS
dc.subject LEVEL OF INTEREST RATES
dc.subject LOAN
dc.subject LOANABLE FUNDS
dc.subject LOSS STATEMENTS
dc.subject MACROECONOMIC STABILITY
dc.subject MACROECONOMIC UNCERTAINTY
dc.subject MARKET PARTICIPANTS
dc.subject MONETARY FUND
dc.subject MONOPOLY
dc.subject MORTGAGE
dc.subject MORTGAGE COMPANY
dc.subject MORTGAGE CREDIT
dc.subject MORTGAGE LENDING
dc.subject MORTGAGE LOANS
dc.subject MORTGAGES
dc.subject MUTUAL FUND
dc.subject MUTUAL FUND INDUSTRY
dc.subject NET INTEREST MARGIN
dc.subject NEW ENTRANTS
dc.subject NONBANK FINANCIAL INSTITUTIONS
dc.subject OPERATING COSTS
dc.subject OPERATING EXPENSES
dc.subject OPERATING INCOME
dc.subject OVERHEAD COSTS
dc.subject POWER PARITY
dc.subject PRIVATE SECTOR CREDIT
dc.subject PRIVATIZATION
dc.subject PRODUCTIVITY
dc.subject PROFITABILITY
dc.subject PROPERTY RIGHTS
dc.subject PROPERTY RIGHTS ENFORCEMENT
dc.subject PROVISIONING RULES
dc.subject PRUDENTIAL REGULATIONS
dc.subject PURCHASING POWER
dc.subject REAL ESTATE
dc.subject REAL ESTATE INVESTMENT
dc.subject REGULATORY AUTHORITIES
dc.subject REGULATORY AUTHORITY
dc.subject REGULATORY CAPITAL
dc.subject REGULATORY RESTRICTIONS
dc.subject RESERVE
dc.subject RESERVE REQUIREMENTS
dc.subject RESERVES
dc.subject RESTRICTIONS ON ENTRY
dc.subject RETURN
dc.subject RETURN ON ASSETS
dc.subject ROA
dc.subject SAVINGS
dc.subject SAVINGS BANK
dc.subject SECRECY LAW
dc.subject SECURITIES
dc.subject SETTLEMENT
dc.subject SHARE OF ASSETS
dc.subject SHAREHOLDERS
dc.subject STATEMENT
dc.subject STOCK DATA
dc.subject SUPERVISION OF BANKS
dc.subject SUPERVISORY AUTHORITIES
dc.subject TAX
dc.subject TAX INCENTIVES
dc.subject TIME DEPOSIT
dc.subject TRADE SECTORS
dc.subject WORLD DEVELOPMENT INDICATORS
dc.title Financial Sector Assessment Program Update : Republic of Kazakhstan - Bank Profitability and Competition en
dspace.entity.type Publication
okr.date.disclosure 2013-07-15
okr.doctype Economic & Sector Work :: Financial Sector Assessment Program (FSAP)
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2004/08/18004498/kazakhstan-bank-profitability-competition-technical-note
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Trade and Competitiveness
okr.identifier.externaldocumentum 000333037_20130715145407
okr.identifier.internaldocumentum 18004498
okr.identifier.report 79205
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/15/000333037_20130715145407/Rendered/PDF/792050WP0Kazak0Box0377369B00Public0.pdf en
okr.region.administrative Europe and Central Asia
okr.region.country Kazakhstan
okr.sector Finance :: General finance sector
okr.theme Rule of law :: Legal institutions for a market economy
okr.theme Financial and private sector development :: Regulation and competition policy
okr.theme Financial and private sector development :: Standards and financial reporting
okr.theme Financial and private sector development :: Other financial and private sector development
okr.theme Trade and integration :: International financial architecture
okr.topic Finance and Financial Sector Development :: Financial Intermediation
okr.topic Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Banks and Banking Reform
okr.topic Private Sector Development :: Emerging Markets
okr.unit Financial Sector Assessment Prog (FFSFP)
okr.volume 1 of 1
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