Forecast: Number of Commercial Bank Branches in Kazakhstan

The number of commercial bank branches in Kazakhstan from 2013 to 2023 has exhibited significant fluctuations. From 2013 to 2017, there was a gradual decline in the number of branches per hundred thousand adults, reflecting a decrease in units. However, 2018 marked a dramatic increase, which was sustained, albeit with slight decreases in the subsequent years until 2021. In 2022 and 2023, there was a positive turnaround with a minor year-on-year growth, ending at 14.31 establishments per hundred thousand adults in 2023.

Looking ahead, the forecast data from 2024 to 2028 indicate a steady upward trend. The projected compound annual growth rate (CAGR) over the next five years is 2.62%, with an overall growth rate of 13.82% by 2028.

Future trends to watch for include:

• The potential impact of digital banking trends on the need for physical branches.

• Regulatory changes affecting the banking sector that could influence branch openings or closures.

• Economic conditions that can affect bank expansion strategies.