Kazakhstan, with its rapidly growing economy and strategic location, has become a significant player in the global banking and finance sector. For English speakers looking to engage with Kazakh-speaking clients, colleagues, or partners, understanding the Kazakh vocabulary related to banking and finance is crucial. This article aims to provide a comprehensive guide to essential Kazakh terms and phrases in this sector.
Basic Banking Terms
Before diving into more complex financial terminology, it’s essential to get acquainted with some basic banking terms. These words will help you with everyday banking activities and communications.
– **Банк** (Bank) – The term for a financial institution that accepts deposits, offers checking account services, and provides loans.
– **Ақша** (Money) – A general term for currency or funds.
– **Шот** (Account) – Refers to a bank account.
– **Дебет картасы** (Debit Card) – A card that deducts money directly from a checking account to pay for purchases.
– **Несие картасы** (Credit Card) – A card issued by a financial company giving the holder an option to borrow funds, usually at the point of sale.
– **Депозит** (Deposit) – Money placed into a banking institution for safekeeping.
– **Алу** (Withdraw) – The act of taking money out of a bank account.
– **Шот иесі** (Account Holder) – The person who owns the bank account.
Opening and Managing Accounts
To effectively manage a bank account in Kazakhstan, it’s helpful to know the specific vocabulary related to opening and maintaining accounts.
– **Шот ашу** (Open an Account) – The process of starting a new bank account.
– **Шот жабу** (Close an Account) – The process of closing an existing bank account.
– **Шот түрі** (Type of Account) – Types of accounts could include checking, savings, or business accounts.
– **Пайыздық мөлшерлеме** (Interest Rate) – The amount charged by a lender to a borrower for the use of assets.
– **Шот балансы** (Account Balance) – The amount of money available in your account.
– **Онлайн банкинг** (Online Banking) – Managing your bank account through the internet.
Financial Transactions
Understanding the terms related to various financial transactions is crucial for anyone involved in banking and finance.
– **Аудару** (Transfer) – Moving money from one account to another.
– **Төлем** (Payment) – The act of transferring money in exchange for goods or services.
– **Қабылдау** (Receive) – To get money or payment.
– **Комиссия** (Fee) – A payment to a bank or broker for services rendered.
– **Қарыз алу** (Borrow) – To take and use money from a bank with the intention of paying it back.
– **Инвестиция** (Investment) – The action or process of investing money for profit.
– **Қарыз** (Debt) – Money that is owed or due.
Loans and Mortgages
When dealing with loans and mortgages, specific terminology becomes essential.
– **Несие** (Loan) – Money that is borrowed and expected to be paid back with interest.
– **Ипотека** (Mortgage) – A loan obtained from a bank to purchase property, typically paid back with interest over a long period.
– **Несие беруші** (Lender) – The bank or financial institution that provides the loan.
– **Қарыз алушы** (Borrower) – The person who takes out the loan.
– **Негізгі қарыз** (Principal) – The original sum of money borrowed in a loan.
– **Пайыз** (Interest) – The cost of borrowing money, typically expressed as a percentage.
– **Төлеу мерзімі** (Repayment Period) – The time frame within which the loan must be repaid.
Investment and Stock Market Terms
For those involved in investments and the stock market, knowing the relevant Kazakh vocabulary is invaluable.
– **Қор нарығы** (Stock Market) – A marketplace where securities, such as stocks and bonds, are bought and sold.
– **Акция** (Stock/Share) – A type of security that signifies ownership in a corporation and represents a claim on part of the corporation’s assets and earnings.
– **Облигация** (Bond) – A fixed income instrument that represents a loan made by an investor to a borrower.
– **Дивиденд** (Dividend) – A portion of a company’s earnings distributed to shareholders.
– **Қор индексі** (Stock Index) – A measurement of the performance of a section of the stock market.
– **Брокер** (Broker) – An individual or firm that acts as an intermediary between an investor and a securities exchange.
– **Сауда-саттық** (Trading) – The act of buying, selling, or exchanging stocks, bonds, or other financial instruments.
– **Портфель** (Portfolio) – A range of investments held by a person or organization.
Risk Management and Insurance
Another critical area in banking and finance is risk management and insurance. Here are some essential terms in this domain.
– **Сақтандыру** (Insurance) – A means of protection from financial loss.
– **Сақтандыру полисі** (Insurance Policy) – A contract between the insurer and the insured, where the insurer agrees to compensate the insured for specific potential future losses.
– **Сақтандыру сомасы** (Insurance Amount) – The amount of money that is covered by the insurance policy.
– **Тәуекел** (Risk) – The possibility of losing some or all of an investment.
– **Қауіпсіздік** (Security) – Measures taken to ensure the protection of assets.
– **Сақтандыру сыйлықақысы** (Insurance Premium) – The amount of money paid for an insurance policy.
Corporate Finance Terms
For professionals dealing with corporate finance, knowing the relevant Kazakh terms is essential.
– **Корпоративтік қаржы** (Corporate Finance) – The area of finance dealing with sources of funding and the capital structure of corporations.
– **Бюджет** (Budget) – An estimate of income and expenditure for a set period.
– **Қаржыландыру** (Financing) – The act of providing funds for business activities, making purchases, or investing.
– **Сатып алу** (Acquisition) – The process of buying or obtaining control of another company.
– **Қосылу** (Merger) – The combination of two companies into one.
– **Капитал** (Capital) – Wealth in the form of money or assets.
– **Қаржылық есеп** (Financial Statement) – A formal record of the financial activities and position of a business, person, or other entity.
Regulations and Compliance
Understanding the regulatory environment is also critical in banking and finance.
– **Реттеу** (Regulation) – The management of complex systems according to a set of rules and trends.
– **Сәйкестік** (Compliance) – The act of conforming to a set of rules or standards.
– **Қаржылық бақылау** (Financial Control) – The management of a company’s financial resources to achieve its objectives.
– **Аудит** (Audit) – An official inspection of an organization’s accounts, typically by an independent body.
– **Салық** (Tax) – A compulsory financial charge imposed by a government on individuals or entities.
– **Салық салу** (Taxation) – The process of imposing taxes.
Everyday Banking Phrases
Besides individual terms, it’s also beneficial to know common phrases used in everyday banking.
– **Менің шотымды тексеріңізші** (Please check my account) – A request to review the account details.
– **Менің теңгерімім қанша?** (What is my balance?) – Asking for the current balance in the account.
– **Мен ақша салғым келеді** (I want to deposit money) – Expressing the intention to deposit funds.
– **Мен ақша алғым келеді** (I want to withdraw money) – Expressing the intention to withdraw funds.
– **Мен шот ашқым келеді** (I want to open an account) – Expressing the intention to open a new bank account.
– **Мен шотымды жабқым келеді** (I want to close my account) – Expressing the intention to close an existing bank account.
Conclusion
Navigating the banking and finance sector in Kazakhstan can be challenging, especially if you are not familiar with the local language. However, by learning and understanding these essential Kazakh vocabulary terms and phrases, English speakers can significantly improve their ability to communicate effectively in this field. Whether you’re opening an account, dealing with investments, or managing corporate finances, these terms will help you navigate the Kazakh banking and finance landscape with greater confidence.
