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Deposits denominated in foreign currencies 72% up in Kazakhstan Kazakhstan’s banks assets grew by 17.9% in 2014, reaching $98 billion, according to the Central Bank.

05 February 2015

Kazakh banks experiencing tenge shortages Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.

04 February 2015

Barclays loses tens of millions over Swiss franc move British bank Barclays has lost "tens of millions" of dollars after Switzerland's central bank scrapped its currency ceiling against the euro.

17 January 2015

12th Islamic Financial Services Board summit in Almaty on May 19-21 The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21.

07 January 2015

Morgan Stanley fires employee for stealing client data US investment bank Morgan Stanley said it had fired an employee for stealing the personal data of hundreds of thousands of wealth management customers.

06 January 2015

Several Kazakh banks cease issuing mortgage loans in tenge Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.

24 December 2014

Central Bank of Kazakhstan issues new 1000 bill The Central Bank of Kazakhstan has issued a new 1000 tenge bill.

16 December 2014

HSBC unit fined $12.5 mn for unregistered US services A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services.

26 November 2014

More Russian banks to enter Kazakh market: Eurasian Economic Commission Minister of Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov spoke about the mutual Kazakh-Russian financial market and the possibility of increasing the number of Russian banks in Kazakhstan, as well as the prospects of Kazakh banks entering the Russian market.

17 November 2014

Russian central bank ready to step in to stop ruble panic Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.

08 November 2014

Foreign borrowers responsible for 40% of NPLs in Kazakhstan A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.

05 November 2014

British banker in court over grisly Hong Kong double murder A British banker appeared in a Hong Kong court charged with the grisly murder of two women whose bodies were found in his upmarket apartment.

03 November 2014

National Bank of Kazakhstan defends pension assets' investment into second tier banks The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.

29 October 2014

Kazakh deputies outraged at risky investments of Single Pension Fund Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.

28 October 2014

French court authorises extradition of Kazakh tycoon Ablyazov A French court authorised the extradition of exiled Kazakh oligarch Mukhtar Ablyazov to Russia and Ukraine, despite concerns over his safety.

25 October 2014

India seen holding rates to guard against inflation India's central bank will keep interest rates on hold as it awaits more proof that stubborn high inflation is headed downward in Asia's third-largest economy.

30 September 2014

Hungary passes new law helping borrowers, hitting banks Hungary's parliament adopted a law compelling banks to pay compensation to borrowers hit by past interest rate hikes on loans deemed unfair by authorities.

25 September 2014

Central bank cleans the house in Kazakhstan’s banking sector Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.

17 September 2014

Cyprus fears next tranche of bailout funds at risk Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.

12 September 2014

Santander names Ana Botin as chair after her father's death Ana Patricia Botin was named the new chairman of Spanish bank Santander, replacing her father who died suddenly of a heart attack.

11 September 2014

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