Finance - страница 27

Development Bank of Kazakhstan obtain 500 million euro loan from HSBC Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.

05 May 2014

Portugal to end EU-IMF bailout with clean break Portugal decided to make a clean break from its EU-IMF bailout on Sunday, following in the footsteps of Ireland by forgoing a credit line as it prepares a full return to the credit markets.

05 May 2014

Asian Development Bank to co-finance projects funded out of the National Oil Fund One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015, Minister of Economic Affairs Yerbolat Dossayev said April 14.

04 May 2014

Panama Canal to earn $3.1 bn a year, less than expected A widened Panama Canal is expected to bring in some $3.1 billion per year, considerably less than earlier estimates, the official responsible for the waterway told AFP.

03 May 2014

Kazakh banks misusing National Fund money to be fined Chairman of Damu Fund Lyazzat Ibragimova said that banks would face penalties in case they misuse the National Fund's resources.

29 April 2014

Kazakhstan to halve its banks in 5 years: opinions Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.

29 April 2014

Nursultan Nazarbayev and EDB Chairman meet in Astana Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.

27 April 2014

Spain shows fastest growth in six years: central bank Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.

25 April 2014

Kazakhstan to subsidize agro-industry Kazakhstan will specify new terms of subsidizing agro-industrial projects before May 1 this year.

24 April 2014

TENGRI LIFE

TENGRI TRAVEL

Brazil names 46 suspects in money-laundering, drug probe Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.

18 April 2014

Central Bank to raise requirements to banks tenfold by 2020 Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.

17 April 2014

$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.

16 April 2014

President Nursultan Nazarbayev on the country’s financial industry Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.

16 April 2014

China bank loans surge in March: central bank China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.

16 April 2014

$1.3 billion to finance Toxic Assets Fund of Kazakhstan The vehicle will be buying out toxic assets from the country’s banks. Regulating rules will be formulated by July 1, 2014.

15 April 2014

Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.

15 April 2014

$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.

14 April 2014

Consumer loans in Kazakhstan reach 2.3 trillion Tenge Consumer credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.

14 April 2014

President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.

11 April 2014