Authors : Amina Mussina, Rymkul Ismailova, Gulzhan Alina, Almagul Jumabekova and Nurgul Esmagulova
Abstract: The study examines the state of banking activities in the Republic of Kazakhstan, the Russian Federation and the Republic of Belarus, due to similarity of their economie’sdevelopment levels compared to the situation emerging in the world. The statistical materials of these countries illustrate common problems and trends as well as existing possibilities and undertaken measures in the development of banks. The assessed outcome regarding current state of the banking systems in these countries has also made conclusions about the role of the banks in economic system. Emphasis of the research is directed at issues related to the credit and deposit operations of banks. The world bank’s achievements substantiate the need of consolidation and specialization of the establishment of banks in Kazakhstan and the improvement of banking regulation based on the leading countrie’s experiences in the banking business.
Amina Mussina, Rymkul Ismailova, Gulzhan Alina, Almagul Jumabekova and Nurgul Esmagulova, 2017. Banking System of Kazakhstan in the Aspect of the World Development. International Business Management, 11: 315-321.