Central Bank Governor refutes rumors of banks bankruptcies
Misleading wave of sms in the country resulted in deposit run.
Three large-scaled banks claim there is an information campaign against them
Kaspi bank today has announced a reward of $500 000 “for those able to spot the initiators of the misleading SMS campaign”.
InterContinental hotels reports profit plunge, blames tax
InterContinental Hotels Group, the world's largest hotel operator by number of rooms, said on Tuesday that annual net profit plunged owing to increased tax charges.
Single Pension Fund ensures safety of pension savings
Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.
Kazakhstan intends to increase salaries and allowances
Salaries of civil employees working in public institutions and social allowances will be increased in Kazakhstan from April 1, 2014.
Possible inflation risks: National Bank
In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev
The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev
President Nazarbayev opposes state support to failing banks and companies
According to him, “We are a market economy. In a market economy thousands of businesses go out of business every year”.
President Nazarbayev on NPLs
As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.