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Solva entered the top five of major MFIs according to the National Bank of Kazakhstan
5 December 2019

According to the National Bank of the Republic of Kazakhstan, MFI Solva has received net profit in the amount of 280 million tenge for the first half of 2019 , showing a 2.7% increase in the market share of the company, compared with 2.6% in 2018.

Solva ranks fourth among the five leading microfinance institutions of Kazakhstan with an index of 11.6 billion tenge in terms of assets which corresponds to the market share of 3.8%.

According to the data published by the National Bank of Kazakhstan, the total income f MFIs in Kazakhstan for the first half of 2019 reached a record level of 10.5 billion tenge. As compared to the same period of last year, this index has grown by 32.1%.

Out of 172 MFI registered in Kazakhstan, 108 companies locked in earnings, the most of this amount falling on top 5 including Solva Co. At the same time, the total amount of assets of Kazakhstani MFIs at the end of the second quarter of 2019 reached 302.6 billion tenge. The growth of assets compared to the last quarter amounted to 10.7% or 29.3 billion tenge. As compared to the 2Q 2018, this indicator increased by 80.8 billion tenge or 36.4%.

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