National Bank site.news_by_theme

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Kazakhstan’s international reserves figure announced

Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.

Kazakhstan’s international reserves figure announced
Building of the Prosecutor General of Kazakhstan. © Turar Kazangapov
Kazakhstan Prosecutor General warns devaluation rumors may lead to criminal liability

General Prosecutor's Office of Kazakhstan warned about criminal responsibility for spreading rumors alleging national currency devaluation.

Kazakhstan Prosecutor General warns devaluation rumors may lead to criminal liability
©Yaroslav Radlovsky
National Bank Governor's advisor refutes Kazakh currency devaluation rumors

Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.

National Bank Governor's advisor refutes Kazakh currency devaluation rumors
© Tengrinews
Kazakhstan to toughen monetary policies should pressure on Russian ruble persist

Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.

Kazakhstan to toughen monetary policies should pressure on Russian ruble persist
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz
Central Bank Governor advises against borrowing

According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.

Central Bank Governor advises against borrowing
Central Bank Governor Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions

He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.

Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions
Central Bank Governor on prices for real estate at the threshold of EXPO-2017

According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.

Central Bank Governor on prices for real estate at the threshold of EXPO-2017
Photo courtesy of akorda.kz
Kazakhstan’s President meets Central Bank Governor

According to the Central Bank Governor, the real GDP growth in the Q1 2014 stood at 3.8%.

Kazakhstan’s President meets Central Bank Governor
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Kazakhstan announces its international reserves figure

The gold and FX reserves of the Central Bank grew by 7.1% to reach $26.471 billion from January to June 2014, with the assets of the National Oil Fund growing by 8.21% to reach $76.607 billion.

Kazakhstan announces its international reserves figure
Photo ©temirbank.kz
Samruk-Kazyna withdraws from Temirbank

Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.

Samruk-Kazyna withdraws from Temirbank
Photo ©REUTERS
No deficit of tenge bills in Kazakhstan: Kelimbetov

Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.

No deficit of tenge bills in Kazakhstan: Kelimbetov
Kairat Kelimbetov. Yaroslav Radlovsky ©
Central Bank Governor on possible second wave of currency devaluation

Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.

Central Bank Governor on possible second wave of currency devaluation
Central Bank Governor on Kazakhstan-based banks

According to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.

Central Bank Governor on Kazakhstan-based banks
©tengrinews
Kazakhstan is concerned over possible widened economic sanctions against Russia

Russia might face a zero economic growth this year. It’s no good news for us as the two economies are interdependent to a great extent: Kazakhstan’s Central Bank Governor.

Kazakhstan is concerned over possible widened economic sanctions against Russia
Photo courtesy of lenta-ua.net
Legitimization of assets to bring billions: Kelimbetov

Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.

Legitimization of assets to bring billions: Kelimbetov
Kazakhstan banknote with a nominal value of 1000 tenge. Photo courtesy of nationalbank.kz
Kazakhstan 1000 tenge banknote named best in the world

Kazakhstan banknote of 1000 tenge has been acknowledged The Banknote of the Year by the International Banknote Society (IBNS).

Kazakhstan 1000 tenge banknote named best in the world
Photo © Yaroslav Radlovsky
Kazakh central bank grants Rakishev permission to purchase BTA Bank

Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.

Kazakh central bank grants Rakishev permission to purchase BTA Bank
Kazakhstan to halve its banks in 5 years: opinions
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.

Kazakhstan to halve its banks in 5 years: opinions
Kairat Kelimbetov. Photo courtesy of www.primeminister.kz
Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov

The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.

Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov
Kairat Kelimbetov. Photo by Yaroslav Radlovskiy©
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.

Central Bank to raise requirements to banks tenfold by 2020