Steel rods plant Evraz Caspian Steel has been unveiled in Kostanay.
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.
Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.
Kazakhstani banks are starting to provide consultations over WhatsApp.
Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.
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.
Bank of America has entered the Kazakhstan Stock Exchange (KASE).
The government of Kazakhstan has announced the date when it is going to start the legalization of property and capital.
National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.
Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.
Experts forecast a revival in the stagnated mortgage lending in Kazakhstan. In the most optimistic scenario it will start in end of 2014.
Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.
Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
Chairman of Damu Fund Lyazzat Ibragimova said that banks would face penalties in case they misuse the National Fund's resources.
Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.
Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.
The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.
China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.
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 credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.
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