Credit policy of the second-tier banks of Kazakhstan in condition of free floating of the national currency

Abstract

Any government aims to produce an effective economics and enhance the quality of economic decisions no importance of political structure society achieves. Based on the credit policy that made by banks they take an important part to in establishment. The role of credit policy consists in defining foreground orientation of de- velopment and refinement of bank’s activity in accumulation and investment of credit resources, maturation of the credit process and generation of its efficiency. This article reviews current state of credit policy of the second-tier banks of the Republic of Kazakhstan and routes for the modernization in contemporary economic situation. There is an overview for the transfer of the second-tier banks to Basel III standards: requirements for the minimal banks’ funds, non-performing loansand prudential normative. Furthermore, authors represent the structure of loan portfolio and banking sector’s funding in the Republic of Kazakhstan.