Training on modelling fundamentals December 17–18

Kazakhstan’s financial system is becoming more stable but imbalances remain

Structural Financial Stress Index for Kazakhstan

For more details on index construction methodology, please refer to the Structural Financial Stress Index (ACRA SFSI) Calculation Methodology

  • ACRA launches a quarterly publication of the Structural Financial Stress Index for Kazakhstan: ACRA SFSI KZ. The index gauges financial stability of the country and assesses its vulnerability to specific risk types by aggregating information on maturity and currency structure of assets and liabilities at sector level. In contrast to ACRA FSI for Russia, the structural index measures potential financial instability directly rather than indirectly based on external signs of a financial crisis.
  • By virtue of no new trigger events as of December 2017, the financial system of Kazakhstan is in a relatively stable mode: ACRA SFSI KZ is now at 15% of its maximum registered levels. However, it is worth noting that the situation may change rapidly due to the relatively high remaining liquidity and FX imbalances.
  • The slowly declining FX imbalance

The full version of this document is only available after a payment.

To clarify the cost and terms of payment, please contact Artem Mayorov

phone: +7 (495) 139 04 80, доб. 147, email:

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