Clean up of Kazakh banks may start July 1
Introduction of a new mechanism to clean up banks of bad loans needs some amendments into the applicable legislation: Gregory Marchenko, Chairman of the National Bank.
World Bank announces grant competition
World Bank Country Office has announced launch of a grant competition under the Civil Society Social Development Program worth $ 45,000 for nonprofit, nongovernmental, nonacademic organizations of Kazakhstan.
BoJ pumps another $76 bn into market Bank of Japan has pumped $76 billion in the financial system on Thursday to soothe money markets shaken by Japan's biggest ever earthquake, a devastating tsunami and a nuclear emergency.
Tenge strengthened 0.6% in February The tenge strengthened 0.6% in February, with the exchange rate at the Stock exchange standing at KZT 146.02 per USD 1.