“Credit resources, if we take statistics for the last 20-30 years, have never been the main source of financing for business. In the best years, financing through credit resources reaches 16% to 22%,” Abylkasymova said at the FCBK 2024: Empowering Business conference on Friday.
According to her, companies often use 50-60% of their own funds.
“Today it was said that the lack of business financing in Kazakhstan is estimated at up to 10% of GDP. It is important to understand that there is no need to provide this financing only through credit resources. We believe that it is more important now to provide access and financing through equity capital, that is, equity capital,” she added.
In her opinion, this should be direct investment, funding, including through the stock market.
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