THE INFLUENCE OF SYSTEMICALLY IMPORTANT BANKS ON ENSURING THE FINANCIAL STABILITY OF KAZAKHSTAN

A. Yu. Dalke, S. A. Svyatov, Elvira Abdulmitovna Ruziyeva

2023

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DOI 10.52821/2789-4401-2023-1-122-136
Data confidence 70 medium
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Abstract

The purpose of the research is to assess the degree of influence of systemically important banks on the stability of the financial system of Kazakhstan, which determines the level of development and stability of the national economy as a whole, based on the indicators proposed by the International Monetary Fund. Methodology. Among the research methods used, an analysis, comparison and generalization methods, as well as statistical analysis method and method of classification can be distinguished. The article considers scientific works concerning the issues of the influence of large banks on financial stability. The statistical data of the national regulator, the financial statements of Kazakhstan banks, the recommended IMF indicators on the research issue were studied. Originality / value of the research. The relevance of this research is due to the fact that actually, in the context of globalization, the importance of issues related to the development of the national economy of the country, ensuring its stability and efficiency is increased. The core of the financial system of Kazakhstan is the banking sector, share of which in the financial sector makes about 80 %. In this regard, this article is aimed at solving topical issues related to the influence of systemically important banks both on ensuring the financial stability of Kazakhstan and development of the national economy as a whole. Findings. The main objectives of the research are due to the lack of theoretical and methodological development of this issue, its growing practical relevance. The research findings suggest that the large banking institutions of Kazakhstan make significant influence on the indicators of the country's financial stability. Also, on the basis of analysis of publications from other scientists on this research topic, it was made own findings and conclusions. The materials of the article are of practical value and can be used to develop the modern methods for strengthening the financial stability of the country.