Finance - страница 28

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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 10:52

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 15:04

$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms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 17:32

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 15:57

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 10:20

$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 11:27

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 10:32

$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 16:04

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 09:35

TENGRI LIFE

TENGRI TRAVEL

Government should teach Kazakhstan’s citizens to pay off loans: President Nazarbayev President is confident that excessive support to businesses on the part of the Government hampers businesses from developing.

11 April 2014 19:18

German inflation hits three-year low in March The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

11 April 2014 14:14

Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.

09 April 2014 17:32

Kazakhstan’s international reserves figure announced The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.

08 April 2014 11:01

Oil Minister Uzakbai Karabalin on Kashagan Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.

07 April 2014 11:45

NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings As of the end of 2013, the share of NPLs throughout the country’s banking sector stood at 31.2%. According to Fitch Ratings, in February the indicator grew to 33%.

02 April 2014 12:02

Merger of pension funds to form a single entity complete in Kazakhstan Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.

31 March 2014 14:24

Kazakhstan’s 2013 external debt figure grows from $136.922 billion to $148.753 billion The Central Bank elaborated that the debt of the country’s banking system decreased for the period by 17.5% down to $11.160 billion.

31 March 2014 14:09

S.Korea opens spot market for physical gold trade South Korea launched a gold trading exchange for the first time on Monday in a bid to help counter the country's burgeoning black market in the precious metal.

25 March 2014 11:49

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.

23 March 2014 12:34