In the first half of 2026, the total volume of deposits in Kazakhstan grew by 6.7% and exceeded 30 trillion tenge. At the same time, tenge deposits increased by 9.5%, while foreign currency deposits decreased by 3.4%, according to infohub.kz.
Recently, deposits of individuals in Kazakh banks hit a historic record, exceeding 30 trillion tenge. Over six months of 2026, they grew by 6.7%, and over the year – by 18.3%.
As the Kazakhstan Deposit Guarantee Fund (KDGF) notes, in the first half of 2026 the following trend was observed: tenge deposits grew by 9.5% to 24.1 trillion tenge; foreign currency deposits fell by 3.4% to less than 6 trillion tenge.
Among tenge deposits, the fastest growth was in time and savings deposits with the option to top up – by 167% and 159%, respectively. Housing and education deposits increased by 12%, and time deposits without top-up – by 6%. At the same time, savings deposits without top-up and demand deposits decreased.
Simultaneously, the KDGF increased its special reserve, which is used to pay guaranteed compensation to depositors in case of bank closure. Over six months, it grew by 10% and now amounts to 1.73 trillion tenge, or 5.8% of the volume of guaranteed deposits.
Money in the special reserve comes from bank contributions (37%) and investment income (62%). Funds are placed in highly liquid and reliable assets, including government securities of Kazakhstan and US Treasury bonds.
These funds are used to pay guaranteed compensation to depositors if a bank loses its license or ceases operations. Recall that there are maximum amounts for payments: for demand and time deposits in tenge, as well as current accounts – 10 million tenge; for savings deposits – 20 million tenge; for foreign currency accounts – 5 million tenge equivalent.
If a bank closes, the depositor will receive money within the limits. If they have several accounts in different currencies, the total amount will be returned, but taking into account the limit for each type of deposit.