IMPORTANCE OF SECOND LEVEL BANKS AT THE STAGE OF MODERNIZATION OF THE ECONOMY OF KAZAKHSTAN

Аннотация

The article discusses the role of development of second banks (STB) in the context of the
implementation of the third modernization of the economy of Kazakhstan. According to the authors, a developed
banking system is the basis of a modernized economy, and therefore, there is a growing need for the operation of
several large universal banks that accumulate large amounts of financial resources. Financial intermediation of
second-tier banks will allow business entities wishing to efficiently manage their money capital to become strategic
investors in the economic modernization of Kazakhstan. Therefore, it is important to study the problems and
prospects for the development of banking in the conditions of growing uncertainty and cyclical development of the
economy. An important condition for a full-fledged and high-quality financing of the modernization process is to
achieve sustainability of the financial system of Kazakhstan, where second-tier banks play an important role.