The impact of financial stability of the banking sector on economic growth

Abstract

In this article, the development of Kazakhstan’s economy was closely related to the financial sector, and it was the definition of financial stability in the banking sector. Therefore, second-tier banks are developing their role in the country’s economy through financial stability in the banking sector for profit. In this connection, the analysis of the GDP of the banking sector of the Republic of Kazakhstan as a whole for 2013-2018, the ratio of assets to GDP and the ratio of customer deposits to GDP, the results of a comparative analysis of the gross domestic product of 5 leading second-tier banks for 2013- 2017. In this regard, offering new banking products, improving the quality of service. The increasing role of the banking sector in economic development is characterized by the state of development of modern information technologies and electronic services.