Credit technologies of banks as a mandatory component of the economic development and financial wellbeing in the Republic of Kazakhstan

So far, the task is to strengthen the sustainable development of credit technology, which is regarded as an activator of general demand in the economy and an auxiliary resource for the country's economic growth. At the same time, for the successful implementation of this task, an adequate network of creditors of individuals and legal entities (pawnshops, corporate investment funds, banks, small credit companies, retail trade and others) and credit infrastructure, work and simultaneous formation must be built. Undoubtedly, credit technologies constitute an indispensable component of economic strength, the main factor in accelerating the rise of the Kazakh economy, as well as population wellbeing, ensuring the growing demand of the peoples for high-quality banking services. The study presents the economic relations that manifest when lending to legal entities and individuals in the Republic of Kazakhstan, and the system of credit technologies of second-tier banks. The theoretical and

practical tasks of credit technology in the Republic of Kazakhstan were investigated, as well as the modern practice of using the second-tier banks of various lending technologies was generalised, analysed, and evaluated, based on which conclusions were drawn regarding the specific features of the current stage of development of the credit activity of banks, as well as the emerging negative and positive trends. [Publisher's text]