Money, finances and credit

Mortgage loan in Kazakhstan: formation and improvement

Economic Annals-XXI

Economic Annals-XXI: Volume 125, Issue 1-2(1), Pages: 63-66

Citation information:
Baybulekova, L., & Kozhakhmetova, А. (2013). Mortgage loan in Kazakhstan: formation and improvement. Economic Annals-XXI, 1-2(1), 63-66. https://ea21journal.world/index.php/ea-v125-17/

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Leila Baybulekova
PhD (Economics),
Associate Professor,
Kazakh Economic University named after T. Ryskulov, Kazakhstan
leila_abdibaevna@mail.ru

Аsel Kozhakhmetova
MA (Finances),
Kazakh Economic University named after T. Ryskulov, Kazakhstan
aseri89@mail.ru

Mortgage loan in Kazakhstan: formation and improvement

Abstract. In the article, the chronology of the mortgage lending formation in Kazakhstan is given; its characteristics are revealed and the impact of the financial crisis on the real estate market in Kazakhstan is assessed. Based on the comparative analysis of investments profitability in real estate and interest rates on deposits and mortgages, the recommendations on improving of banks’ credit risks assessment methods in order to prevent a sharp decrease in the quality of loan portfolios in case of subsequent prices falling in the market.

Keywords: Mortgage Lending; Risk Management System; Credit Risks Assessment Methodology; the Profitability of Real Estate Investments; the Program «Affordable Housing 2020»

JEL Classification: E50; E51; E59

References

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Received 14.01.2013

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