Foreign banks on the financial market of Kazakhstan

     Currently, the company is more positive about the prospects of the banking system than a year ago. The reasons for caution is the number of positive factors, such as: reducing the rate of deterioration in the loan portfolio, the state measures to support banking and real sectors, significant progress in restructuring troubled banks. 

     So we can sum up that there is no fundamental improvements in the banking system, second tier banks should to continue to develop, and it needs to improve the quality of the portfolio, the search for alternative funding, with a strong dependence on the international trends. [11] 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

     CONCLUSION

     Commercial banks are an integral part of the whole banking system, designed at the macro level to address the macroeconomic objectives of monetary circulation, providing full movement of money by bank-specific methods to promote the development of national economy. With a significant size of capital, potentially can become major investors, is most directly influence the development of national economy in general, to intervene in the restructuring and even define the term in many sectors of the economy. Buying in a fairly large scale joint stock status and legal form of government property and capital formation, commercial banks may become powerful financiers and significantly diversify its activities through the creation of numerous holdings of subsidiaries and businesses, as well as the development of different forms of participation. At the moment, the banking system is an important part of the domestic economy. It is due to the large accumulation of cash, banks may have a significant impact on the currency and the inflow of money into the coffers of the operations with government securities. In the ongoing debt crisis banking system is designed to keep the money supply in ensuring the functioning of the economy.

     In the beginning of the year 2009 there were registered 31 banks with non-resident capital contribution in Kazakhstan. According to the foreign banks we can say, that there must not be more that 50% of foreign banks in the market.  Because money to repay the loans will eventually be withdrawn abroad , so  if the country has 80-90% of the banks owned by foreign entities, and all these banks have taken the decision to close limits, the future of the national financial system is easy to predict. This argument has some logic, and perhaps in some cases, foreign banks may even act to the detriment of the local economy due to political or other considerations. A number of foreign bank loans and refinances people and enterprises at their own expense, banks as  HSBC and ATF.  Strengthening their presence in Kazakhstan is likely to have a positive effect on competition in the banking sector and consequently on the cost and quality of financial services for consumers. Danger of complete absorption of the domestic banking sector by foreign investors, because there is a foreign equity participation of banks is low, and while the ratings of banks will be low indiscriminate entry of foreign investors should not expect.

     According to the ATF bank policy we can say that they considered the foundation of its strategy move toward client's needs and interests. On the current position of the bank in the market, the benefits of its products and strategic plans for the near future.

     Today we see an adequate margin of Kazakh banks to cope with the current period of tension with no particularly profound shocks to the economy. We hope that all market participants will draw from this phase of the right lessons that will contribute to the strengthening and prosperity of the banking system and economy of Kazakhstan. With all the tenderness of current changes in the long run they should help improve the financial sector, developing a more sustainable and viable business strategies, development of domestic sources of funding and a more conservative financial policy banks. Under current conditions, the greatest difficulties experienced relatively weak lenders. With regard to stronger banks, then they will have the opportunity to strengthen their market positions. Kazakhstan's banking system has become a victim of its own success, which allowed her in recent years to attract greater amounts of financing from the world market. Regulators and the banks themselves for a long time did not dare to tackle the growing structural problems associated with the seemingly unstoppable growth of the business. But now they have a unique opportunity to restore balance to ensure long-term stability and improve the development prospects of the banking system. Certainly, the development of Kazakhstan's banking sector can not be separated from the still ongoing turbulence in global financial markets. It is important to recognize that the world has changed. And what is especially worrying, change the world financial and economic realities have not yet fully completed.

     Regarding the situation in the future, we think that the extent of foreign participation in Kazakhstan banking system, including through mergers and acquisitions, in the short term has improved markedly. Indeed, in recent years, the growth rate of investments of nonresidents in the authorized capital of credit institutions outpaced the growth rate of total registered capital of credit institutions.

     So, we can say that Kazakhstan's banking market is open to all banks irrespective of their nationality. There are no restrictions of normative legal for foreign banks to enter the Kazakh market does not exist.

     According to this course work, we can conclude, that the main goals and tasks were achieved, and we think that in future financing market of  Kazakhstan will be strong and foreign banks will help us to achieve the best results in development of banking sector of  Kazakhstan.  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

REFERENCES 

1. Сейткасымов С. Г. «Деньги, кредит, банки», 1999 г. Алматы   

2. Лаврушин О.И. Банковское дело.- М.: Ф.и С., 1999.

3. www.emgmkts.com
4. Назарбаев Н.А. Казахстанский путь. Глава VI.
5. Mamonov;  Solntsev,  www.econorus.org
6. History,  ATF bank, www.atfbank.kz
7. Financial report, ATF bank, www.atfbnak.kz
8. Rating report, ATF bank, www.atfbank.kz
9. Kazakhstan today, www.kt.kz
10. Банки Казахстана – новая реальность,www.mediasystem.kz , 2010
11. Банки Казахстана стали жертвой успеха, 2010, www.neonomad.kz