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.
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.
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.
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%.
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.
Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank
Kazakhstan businessman Bulat Utemuratov has received a permission from the Central bank to finalize his purchase of Alliance Bank and Temirbank.
Kazakhstani banks reduce external debt by $2.4 billion
Kazakhstani banks have reduced their external debt by $2.4billion.
Moscow threatens US retaliation over blocked funds transfer
Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JP Morgan blocked a transfer of funds carried out by a Russian envoy.
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%.
Two ex-Vatican bank chiefs face money laundering trial
Italian prosecutors on Friday said two former top executives at the Vatican bank will go on trial for money laundering, while the bank's ex-chairman was declared innocent.
Will anti-Russian sanctions affect Kazakhstan?
President Nazarbayev has assured that Kazakhstan will not suffer from the economic sanctions imposed on Russia by some of the countries.
DBS buys Societe Generale's Asian private banking business
Singapore's DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region's super rich.
Man charged with spreading rumours of banks' insolvency holds overdue loan from Kaspi Bank
Darkhan Sabdenov, who was charged with distributing misleading information about insolvency of three Kazakhstan banks, had failed to repay his loan to Kaspi Bank.
Female bank head a first for Japan
Japan's biggest brokerage Nomura Holdings said Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.
TAIB Bank changes name to Capital Bank
TAIB Kazakh Bank has changed its name to Capital Bank Kazakhstan after changing hands.
Central Bank toughens requirements to borrowers
Earlier Kazakhstan’s President Nursultan Nazarbayev commissioned banks’ heads to reduce the share of NPLs “in any possible ways” to 15% of their portfolio by 2015 and further to 10% by 2016.
Wealthiest Kazakhs: Forbes 2014
Five Kazakhstan richest man made it into the Forbes list this year.
Kazakhstan PM pledges to solve the issue of NPLs within two years
There are 38 banks operating in Kazakhstan (…) Maybe the economy only needs 10 banks: Serik Akhmetov.
Samruk-Kazyna to sell KazKom stake for $433million
The National Welfare Fund Samruk-Kazyna plans to raise $433 million by selling its stake in Kazkommertsbank.
Woods urged to 'respect' WGC-HSBC Champions
HSBC's sponsorship chief has urged Tiger Woods to respect the bank's large investment by playing at this year's WGC-HSBC Champions in Shanghai instead of "meaningless... money-making opportunities".
