Kazakhstan Banks Battle Regulatory Squeeze and Geopolitical Uncertainty

Financial Institutions in Kazakhstan Face Regulatory Tightening and Geopolitical Headwinds Kazakhstan's financial sector is navigating a complex landscape of increased regulations and geopolitical uncertainty, according to Gaukhar Kerimova, PR director at Home Credit Bank Kazakhstan. In a recent video interview, Kerimova highlighted the significant challenges banks are facing, stating, "The biggest challenge right now is the tightening of regulations." She explained that these new rules, coupled with geopolitical instability, have forced banks to make substantial changes to their operations. The increased scrutiny and need for adaptation are impacting the business environment and creating new challenges for financial institutions across the country. Kerimova's insights offer a valuable perspective on the evolving dynamics within Kazakhstan's financial sector and the strategies banks are employing to navigate these difficulties. The situation underscores the need for flexibility and resilience in the face of external pressures.