A. Primary Housing Finance Market
A.1 Industry Structure and Performance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Number of firms originating and funding mortgage loans | 16 | 20 | Country Editor | A.1.1 | |
| Types of originating lenders/market share: | A.1.2 | ||||
| Universal/ commercial banks | 99.87% of total | 100% of total | Country Editor | A.1.2.1 | |
| Non-depository financial institutions specialized in housing finance | .13% of total | Country Editor | A.1.2.3 | ||
| Identify the 3 largest loan originating lenders | JSC Housing Construction Savings Bank of Kazakhstan, JSC Bank CenterCredit, JSC Tsesna Bank | JSC Housing Construction Savings Bank of Kazakhstan, JSC Bank CenterCredit, JSC Halyk Bank of Kazakhstan | Country Editor | A.1.3 | |
| Are there (quasi) public mortgage lenders: | yes | yes | Country Editor | A.1.4 | |
| Universal/ commercial banks | Yes | Country Editor | A.1.4.1 | ||
| Other depository institutions (savings and loans/mutual savings and credit institutions) | Yes | Country Editor | A.1.4.2 | ||
| Non-depository financial institutions specialized in housing finance | Yes | yes | Country Editor | A.1.4.3 | |
| General non-depository financial institutions | Yes | Country Editor | A.1.4.4 | ||
| Others (e.g. insurance co, pension funds, labor tax funds) | Yes | Country Editor | A.1.4.5 | ||
| Level of Non-Performing Mortgage Loans (90 days or more past due): | A.1.6 | ||||
| as a % of outstanding loan amount | 3.2% | 9.27% | National Bank of Kazakhstan | A.1.6.2 | |
| Average 1997-2007 | A.1.7 | ||||
A.2 Size of Mortgage Finance Sector
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Total amount of home mortgage loans outstanding at the end of year in millions of USD: | 4,021 USD (millions) | 3,524 USD (millions) | 2,950.43 USD (millions) | National Bank of Kazakhstan | A.2.1 |
| Total amount of home mortgage loans outstanding at the end of year as % of GDP (current) | 2.4% | 2.2% | 2.15% | National Bank of Kazakhstan | A.2.1.1 |
| and as % of all credits outstanding | 9.9% | National Bank of Kazakhstan | A.2.1.2 | ||
| Total amount of home mortgages made in calendar year in millions of USD | 1,523 USD (millions) | 1,095 USD (millions) | 1,520.73 USD (millions) | National Bank of Kazakhstan | A.2.3 |
| and as % of GDP (current) | .9% | .7% | National Bank of Kazakhstan | A.2.3.1 | |
| and as % of all credits originated in calender year | 4.6% | Country Editor | A.2.3.2 |
A.3 Housing Finance Products
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Mortgage products as % of all mortgages (approx.) in local currency: | A.3.1 | ||||
| Loans based on foreign currency as % of all mortgage products | 3.7% | 12.77% | National Bank of Kazakhstan | A.3.2 | |
| Most prevalent type of foreign currency mortgage used: | A.3.3 | ||||
| Most frequent interest rates on fully amortizing: | A.3.4 | ||||
| Typical lender fees associated with mortgage origination: | A.3.6 | ||||
| Typical third party fees associated with mortgage origination: | A.3.7 | ||||
| Loan-to-Value (LTV) on first mortgage: | A.3.8 | ||||
| Maximum LTV | 90.00 | Kazakhstan Mortgage Company:
http://kmc.kz/en/site/marketMortgage | A.3.8.1 | ||
| Typical LTV at origination | 75% | A.3.8.2 | |||
| Maximum term over which pmt is calculated? | 25 years | 30 years | Country Editor | A.3.9 | |
| Mortgage pmt-to-income ratio | A.3.10 | ||||
| Maximum pmt-to-income ratio (HH income) | 74% | Country Editor | A.3.10.1 | ||
| Maximum pmt-to-income ratio (Individual income) | 74% | Country Editor | A.3.10.2 | ||
| Typical pmt-to-income ratio (HH income) | 40% | A.3.10.3 | |||
A.4 Lending and Servicing Process
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Does the mortgage industry use standard principles/guidelines for underwriting? | Yes | Country Editor | A.4.1 | ||
| Which institutions define underwriting rules? | A.4.2 | ||||
| Central Bank/Ministry of Finance | Yes | Country Editor | A.4.2.1 | ||
A.5 Credit Risk Assessment
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Do credit bureaus exist? | Yes | Yes | Yes | First Credit Bureau | A.5.2 |
| Are there legal/regulatory constraints to gaining access to credit information? | Yes | Yes | Country Editor | A.5.2.1 | |
| What percentage of mortgage originations use credit scoring? | 100% | Country Editor | A.5.1 | ||
| Is mortgage default insurance available? | Yes | Yes | Yes | Electronic Government of the Republic of Kazakhstan | A.5.3 |
| Are credit guarantee systems used? | No | Country Editor | A.5.4 |
B. Funding Sources for Mortgages and the Secondary Mortgage Market
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| What are the main funding sources for mortgages? | B.1 | ||||
| Retail funding (deposits/other) | primary | primary | primary | Kazakhstan Mortgage Company | B.1.1 |
| Funding through mortgage bonds | Non-applicable | B.1.3 | |||
| Funding through securitization of mortgages | secondary | secondary | secondary | Kazakhstan Mortgage Company | B.1.4 |
| Who are the investors in RMBS? | pension funds, banks, insurance companies | pension funds, banks, insurance companies | OECD | B.3 | |
C. Housing Microfinance
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Are non-collateralized housing micro-finance loans offered? | No | Country Editor | C.1 | ||
| Types of lenders operating in the housing micro-finance (HMF) sector: | C.2 | ||||
| Commercial banks | No | Country Editor | C.2.1 | ||
| Specialized non-depository MFIs | No | Country Editor | C.2.2 | ||
| NGOs | No | Country Editor | C.2.3 | ||
| Others | No | Country Editor | C.2.4 | ||
| None | Yes | Country Editor | C.2.5 | ||
| Level of NPLs (>90 days past due) in HMF | C.4 | ||||