Loans of Second-tier Banks and Their Impact  on the Development of Tourism Industry

Ainur MYRZHYKBAYEVA; Kalamkas RAKHIMZHANOVA; Ruslanai ICHSHANOVA; Arnagul TISHTYKBAYEVA; Zagira ISKAKOVA; Anna LEGOSTAYEVA

doi:10.14505/jemt.v14.6(70).16

Ainur MYRZHYKBAYEVA Karaganda University named after E.A. Buketov, Kazakhstan https://orcid.org/0000-0002-7183-7911 https://www.webofscience.com/wos/author/record/48109360
Kalamkas RAKHIMZHANOVA L.N. Gumilyov Eurasian National University, Kazakhstan https://orcid.org/0000-0001-8004-4326 https://www.webofscience.com/wos/author/record/48109364
Ruslanai ICHSHANOVA Republican State Institution of the National Bank of Kazakhstan, Astana, Kazakhstan https://orcid.org/0000-0001-8576-3813 https://www.webofscience.com/wos/author/record/48109385
Arnagul TISHTYKBAYEVA Karaganda University named after E.A. Buketov, Kazakhstan https://orcid.org/0000-0002-5784-1367 https://www.webofscience.com/wos/author/record/3242850
Zagira ISKAKOVA Karaganda University named after E.A. Buketov, Kazakhstan https://orcid.org/0000-0002-5784-1367 https://www.webofscience.com/wos/author/record/3242850
Anna LEGOSTAYEVA Karaganda University of Kazpotrebsoyuz, Kazakhstan https://orcid.org/0000-0002-7057-7652 https://www.webofscience.com/wos/author/record/48067841

DOI: https://doi.org/10.14505/jemt.v14.6(70).16

Abstract

Second-tier banks, often referred to as regional or local banks, play an important role in providing financial support and resources to various economic sectors, including tourism, as well, having both direct and indirect impacts on the growth and sustainability of these. The increasing contribution of the tourism industry to economic development necessitates a growing need for cooperation between different sectors - public, private and community - at all levels of service production, as it is a necessity for agreement and mutual complementation, considering the available opportunities and resources. Effective non-performing loan (NPL) management and support for the development of the tourism industry are important factors in ensuring the stability and sustainable growth of the tourism sector in the Republic of Kazakhstan. The impact of tourism on consumer lending is expressed in expanding the availability of tourism services, stimulating the development of the tourism industry and innovative financial solutions. This provides tourists with the opportunity to implement their travel plans, and also contributes to the development of the economy and the financial sector as a whole.

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