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Bulat Utemuratov. Photo ©kursiv.kz
Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank

Kazakhstan businessman Bulat Utemuratov has received a permission from the Central bank to finalize his purchase of Alliance Bank and Temirbank.

Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank
Photo © RIA Novosti
Kazakhstani banks reduce external debt by $2.4 billion

Kazakhstani banks have reduced their external debt by $2.4billion.

Kazakhstani banks reduce external debt by $2.4 billion
©Reuters/Mike Segar
Moscow threatens US retaliation over blocked funds transfer

Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JP Morgan blocked a transfer of funds carried out by a Russian envoy.

Moscow threatens US retaliation over blocked funds transfer
© tengrinews.kz
NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings

As of the end of 2013, the share of NPLs throughout the country’s banking sector stood at 31.2%. According to Fitch Ratings, in February the indicator grew to 33%.

NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings
Paolo Cipriani. Photo courtesy of altroquotidiano.it
Two ex-Vatican bank chiefs face money laundering trial

Italian prosecutors on Friday said two former top executives at the Vatican bank will go on trial for money laundering, while the bank's ex-chairman was declared innocent.

Two ex-Vatican bank chiefs face money laundering trial
Will anti-Russian sanctions affect Kazakhstan?
Will anti-Russian sanctions affect Kazakhstan?

President Nazarbayev has assured that Kazakhstan will not suffer from the economic sanctions imposed on Russia by some of the countries.

Will anti-Russian sanctions affect Kazakhstan?
DBS buys Societe Generale's Asian private banking business
DBS buys Societe Generale's Asian private banking business

Singapore's DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region's super rich.

DBS buys Societe Generale's Asian private banking business
Illustration of tengrinews.kz
Man charged with spreading rumours of banks' insolvency holds overdue loan from Kaspi Bank

Darkhan Sabdenov, who was charged with distributing misleading information about insolvency of three Kazakhstan banks, had failed to repay his loan to Kaspi Bank.

Man charged with spreading rumours of banks' insolvency holds overdue loan from Kaspi Bank
Female bank head a first for Japan
Female bank head a first for Japan

Japan's biggest brokerage Nomura Holdings said Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.

Female bank head a first for Japan
Photo a courtesy of Capital Bank
TAIB Bank changes name to Capital Bank

TAIB Kazakh Bank has changed its name to Capital Bank Kazakhstan after changing hands.

TAIB Bank changes name to Capital Bank
© tengrinews.kz
Central Bank toughens requirements to borrowers

Earlier Kazakhstan’s President Nursultan Nazarbayev commissioned banks’ heads to reduce the share of NPLs “in any possible ways” to 15% of their portfolio by 2015 and further to 10% by 2016.

Central Bank toughens requirements to borrowers
Photo a courtesy of Forbes.com
Wealthiest Kazakhs: Forbes 2014

Five Kazakhstan richest man made it into the Forbes list this year.

Wealthiest Kazakhs: Forbes 2014
Serik Akhmetov. Marat Abilov©
Kazakhstan PM pledges to solve the issue of NPLs within two years

There are 38 banks operating in Kazakhstan (…) Maybe the economy only needs 10 banks: Serik Akhmetov.

Kazakhstan PM pledges to solve the issue of NPLs within two years
Photo a courtesy of Tengrinews.kz
Samruk-Kazyna to sell KazKom stake for $433million

The National Welfare Fund Samruk-Kazyna plans to raise $433 million by selling its stake in Kazkommertsbank.

Samruk-Kazyna to sell KazKom stake for $433million
Woods urged to 'respect' WGC-HSBC Champions
Woods urged to 'respect' WGC-HSBC Champions

HSBC's sponsorship chief has urged Tiger Woods to respect the bank's large investment by playing at this year's WGC-HSBC Champions in Shanghai instead of "meaningless... money-making opportunities".

Woods urged to 'respect' WGC-HSBC Champions
New CEO of the BTA Bank Marat Auezov. Photo© Yaroslav Radlovsky
New CEO for BTA Bank appointed

Magzhan Auezov, a Kazkommertsbank Member of the Board, has been appointed the new CEO of BTA Bank.

New CEO for BTA Bank appointed
Photo courtesy of altaynews.kz
Negotiations on low-enriched uranium bank in Kazakhstan nearing final

The negotiations on Kazakhstan's bid to host the international bank of low-enriched uranium are nearing their final stage.

Negotiations on low-enriched uranium bank in Kazakhstan nearing final
The General Prosecutor's Office. ©Marat Abilov
Bank and law firm employees suspected of sparking anti-bank campaign

A lawyer of one of the banks and employees of an Almaty-based law firm may be among those who started the anti-bank SMS-campaign.

Bank and law firm employees suspected of sparking anti-bank campaign
Alliance Bank intends to claim damages from misinformers
Alliance Bank intends to claim damages from misinformers

Kazakhstan-based Alliance Bank is going to make the misinformers reimburse the losses, caused by rumours about the bank's bankruptcy.

Alliance Bank intends to claim damages from misinformers
Sberbank and European Investment Bank signed a loan agreement. ©sberbank.kz
EIB gives 100 million Euro to Sberbank for SMBs in Kazakhstan

The European Investment Bank (EIB) and Sberbank offer new opportunities for small and mid-sized business of Kazakhstan.

EIB gives 100 million Euro to Sberbank for SMBs in Kazakhstan