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vesti.kz stock photo
New chairman of Nurbank appointed

Mukhtar Idrissov was appointed new chairman of Nurbank.

New chairman of Nurbank appointed
Photo courtesy of www.vesti.kz
BTA will discuss the non-payment of interest

New supplementing agenda was added to the extraordinary general meeting of the stakeholders on 26 January 2012.

BTA will discuss the non-payment of interest
©RIA Novosti
Court liquidated 'golden' bank of Assaubayevs family

Almaty economic court ruled a forced liquidation of Credit Altyn Bank.

Court liquidated 'golden' bank of Assaubayevs family
Head of the National Bank of Kazakhstan Gregory Marchenko.    Photo by Yaroslav Radlovskiy©
Kazakhstan's entering WTO will not affect banking

It will have no effect on the banking sector: Marchenko.

Kazakhstan's entering WTO will not affect banking
IMF on Kazakhstan’s banking sector

According to the IMF, a key task for Kazakhstan is a realistic revision of the banking sector.

IMF on Kazakhstan’s banking sector
Commemorative silver nickel Aitys coin. ©Natinal Bank of Kazakhstan
National bank of Kazakhstan released Aitys coin: Photo

National Bank of Kazakhstan released a new commemorative coins.

National bank of Kazakhstan released Aitys coin: Photo
© commodityonline.com
IAEA considering Kazakhstan’s suggestion to host a bank of low-enriched uranium

It is the first time IAEA is working on launching a bank of low-enriched uranium: IAEA Director General Yukiya Amano.

IAEA considering Kazakhstan’s suggestion to host a bank of low-enriched uranium
President Nazarbayev speaking at the forum. © Danial Okasov.
Kazakhstan among nations planning to construct a nuclear power station: President Nazarbayev

According to him, hydrocarbons are depleting, and renewable sources are unlikely to provide electric power sufficient to feed the growing global economy.

Kazakhstan among nations planning to construct a nuclear power station: President Nazarbayev
Over half of Kazakhstanies use bank cards
Over half of Kazakhstanies use bank cards

The number of bank cards holders in Kazakhstan has reached 8.5 million people this year.

Over half of Kazakhstanies use bank cards
Mukhtar Ablyazov.  ©Yaroslav Radlovskiy
Palatial properties of Mukhtar Ablyazov revealed

Ablyazov cannot be trusted. An asset the size of Canary Wharf can hardly have slipped Mr Ablyazov's mind: High Court judge Mr Justice Teare

Palatial properties of Mukhtar Ablyazov revealed
Kazakhstan President Nursultan Nazarbayev. ©REUTERS
President Nazarbayev reiterates readiness of Kazakhstan to accommodate nuclear fuel bank

According to him, all the nuclear facilities in the territory of Kazakhstan are scrutinized by the International Atomic Energy Agency.

President Nazarbayev reiterates readiness of Kazakhstan to accommodate nuclear fuel bank
Nursultan Nazarbayev. Photo courtesy of akorda.kz
Banks have become concentration of fraudsters: President Nazarbayev

President Nazarbayev urges Parliament to pass law on banks and banking operations.

Banks have become concentration of fraudsters: President Nazarbayev
Photo courtesy of logiclaw.co.uk
Financial Ombudsman Service to emerge in Kazakhstan shortly

The Service will facilitate a professional talk between a bank and its borrower towards settling disputes, lowering pressure on courts: Halyk Bank Chairperson of the Board Umyt Shayakhmetova.

Financial Ombudsman Service to emerge in Kazakhstan shortly
Anvar Saidenov (L) and Arman Dunayev (R). ©Yaroslav Radlovskiy
Reshuffling expected in BTA top management

To improve performance of the bank its current CEO Anvar Saidenov will replace Arman Dunayev as the Chairman of the Board.

Reshuffling expected in BTA top management
Gregory Marchenko. By Vladimir Dmitriev ©
Individual retail deposit amount guaranteed by the state to remain intact: Central Bank Chairman

Starting from 2012 the amount was to be reduced from KZT 5 million ($34.2 thousand) to KZT 1 million ($6.8 thousand).

Individual retail deposit amount guaranteed by the state to remain intact: Central Bank Chairman
Логотип Barclays банка.
KazKom is key bidder for Barclays Russian subsidiary

KazKommertsBank is the most likely bidder because it is offering to buy Barclays entirely and not just some of its parts.

KazKom is key bidder for Barclays Russian subsidiary
Daniyar Akishev. Photo by Yaroslav Radlovskiy©
One third of loans in Kazakhstan banks are "bad"

Share of bad loans - both hopeless and doubtful - exceeds 30 percent: deputy chairman of Kazakhstan National Bank.

One third of loans in Kazakhstan banks are "bad"
National Bank. ©Vladimir Dmitryev
National Bank to make suggestions on deposit insurance scheme for individuals

Kazakhstan had reinforced its deposit insurance scheme by increasing the individual retail deposit amount guaranteed by the state to KZT 5 million ($34.2 thousand) from KZT 700 thousand ($4.7 thousand) late 2008.

National Bank to make suggestions on deposit insurance scheme for individuals
Vesti.kz stock photo
Launching a second Islamic Bank is not yet certain: Development Bank of Kazakhstan

In March 2011 the then Chairman of the Board at DBK Gali Isskaliyev had said that the DBK would have a final decision on a second Islamic bank in Kazakhstan not earlier than in May 2011.

Launching a second Islamic Bank is not yet certain: Development Bank of Kazakhstan
Malaysia to teach Islamic banking to Kazakhstan
Malaysia to teach Islamic banking to Kazakhstan

Malaysia is ready to provide trainings. We are inviting to send a [Kazakhstan’s] delegation to study our practices: Malaysia’s Prime Minister Datuk Seri Najib Tun Razak.

Malaysia to teach Islamic banking to Kazakhstan