News about bank

KazKommertsBank names new Chairman of Directors Board and Chairman of Management Board The Board of Directors of KazKommertsBank has named the new Chairman of the Board of Directors and the new Chairman of the Management Board.

01 April 2015

Kazakh banks may benefit from tenge devaluation: experts Experts share their views on the possible implications of devaluation of the tenge for Kazakhstani banks.

24 March 2015

Kazkom falls 40% in half a year Kazkommertsbank is the largest private bank in Kazakhstan with a total market share of 24%.

09 March 2015

Head of Kazakh bank tags tenge deficit artificial Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.

07 March 2015

French Cassation Court approves Ablyazov's extradition The Court of Cassation of France has rejected Mukhtar Ablyazov's appeal against his extradition, bringing the extradition of the fugitive banker to Russia or Ukraine closer to reality.

05 March 2015

HSBC chief kept millions in Swiss account: report HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account.

23 February 2015

Swiss prosecutor orders probe, search of HSBC offices Investigators launched a search of British banking giant HSBC's Geneva offices as part of a money laundering probe.

18 February 2015

HSBC boss says SwissLeaks claims 'painful' The boss of HSBC, which is at the centre of claims that it helped customers at its Swiss private bank avoid millions of dollars of tax.

14 February 2015

Tenge-denominated loans to be available soon: Kazakh Central Bank Governor It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.

12 February 2015

SwissLeaks whistleblower says tried to report tax evasion in 2008 A former HSBC employee who leaked documents alleging the bank helped wealthy customers dodge tax said he had tried to alert British authorities about evasion in 2008.

12 February 2015

HSBC not protected from charges over aiding tax evasion: US official HSBC's 2012 criminal settlement with the US Justice Department does not protect the bank from fraud or tax evasion charges.

11 February 2015

HSBC 'SwissLeaks' leaker urges more support for whistleblowers The man who stole the trove of secret files that sparked a global scandal over banking giant HSBC's alleged assistance to wealthy tax dodgers.

10 February 2015

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

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