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.
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).
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.
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.
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.
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.
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.
National Bank of Kazakhstan planning currency swap operations with China and Russia
Both the yuan and the ruble are growing more demanded to service external trade: Gregory Marchenko, Head of Kazakhstan’s National Bank.
Kazakhstan’s PM Massimov meets Sberbank CEO German Gref
Kazakhstan-based subsidiary of Russia’s Sberbank has entered the top ten banks in Kazakhstan in terms of assets recently.
Educational deposits to appear in Kazakhstan by 2015
Educational accounts will let parents save up for their children's education in Kazakhstan. They won't be able to cash out the accounts. The fund will be directly transferred from the bank to the university of choice.
Banks assets stand at $84.6 billion as of April 1
Total deposits grew 3.9% in March, making up $49.5 billion, with 67.8% being deposits of legal entities.
