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Steel rods plant launched in Kostanay

Steel rods plant Evraz Caspian Steel has been unveiled in Kostanay.

Steel rods plant launched in Kostanay
Japan's Q1 growth fastest in more than two years
Japan's Q1 growth fastest in more than two years

Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.

Japan's Q1 growth fastest in more than two years
©REUTERS
Kazakhstan banks exposed to high forex risk: S&P

Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.

Kazakhstan banks exposed to high forex risk: S&P
Kazahstani banks initiate WhatsApp call-center services
Kazahstani banks initiate WhatsApp call-center services

Kazakhstani banks are starting to provide consultations over WhatsApp.

Kazahstani banks initiate WhatsApp call-center services
Businessman billionaire Bulat Utemuratov.©kursiv.kz
Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future

Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.

Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future
Credit Suisse guilty on US felony charge, pays $2.6 bn
Credit Suisse guilty on US felony charge, pays $2.6 bn

Credit Suisse pleaded guilty and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

Credit Suisse guilty on US felony charge, pays $2.6 bn
Bank of America. Photo ©REUTERS
Bank of America enters KASE

Bank of America has entered the Kazakhstan Stock Exchange (KASE).

Bank of America enters KASE
Photo © tengrinews.kz
Kazakhstan to start legalization of property and capitals in September

The government of Kazakhstan has announced the date when it is going to start the legalization of property and capital.

Kazakhstan to start legalization of property and capitals in September
Kairat Kelimbetov. Photo courtesy of ortcom.kz
Kazakhstan's economy benefits from devaluation: Kelimbetov

National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.

Kazakhstan's economy benefits from devaluation: Kelimbetov
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
© ona-plus.ru
Experts forecast mortgage lending revival in Kazakhstan

Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.

Experts forecast mortgage lending revival in Kazakhstan
Photo courtesy of flagpedia.net
Development Bank of Kazakhstan obtain 500 million euro loan from HSBC

Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.

Development Bank of Kazakhstan obtain 500 million euro loan from HSBC
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
©REUTERS
Kazakh banks misusing National Fund money to be fined

Chairman of Damu Fund Lyazzat Ibragimova said that banks would face penalties in case they misuse the National Fund's resources.

Kazakh banks misusing National Fund money to be fined
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
President of Kazakhstan Nursultan Nazarbayev ©REUTERS
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.

Nursultan Nazarbayev and EDB Chairman meet in Astana
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
People's Bank of China. Photo courtesy of thechinatimes.com
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.

China bank loans surge in March: central bank
fastloanusa.com
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%.

Kazakhstan bank assets to reach 80% of GDP by 2020
© Tengrinews
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.

Consumer loans in Kazakhstan reach 2.3 trillion Tenge