REGULATION OF THE BANK LENDING MARKET: PROBLEMS AND PROSPECTS OF DEVELOPMENT

Abstract

This article discusses the current trends in the development of the domestic bank lending market as the most developed segment of the financial market of Kazakhstan. In particular, the analysis of current trends in the development of the lending market, its main instruments, key problems and limitations that significantly reduce socio-economic effects are studied. In particular, the author has studied the problems of asymmetry of interests in the interaction of subjects of the banking sector with legal entities and individuals (unavailability of loans for subjects of the real sector of the economy and critical creditworthiness of the population); inefficiency and unattractiveness of financial instruments and others. In conclusion, the author offers recommendations for solving the identified problems and further development of the bank lending market in terms of ensuring positive macroeconomic effects by simultaneously satisfying the interests of the state, banks, real sector entities and the population by improving the current regulatory mechanism.