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Illistration of Tengrinews.kz
Ex-employee of CenterCredit Bank involved in misinformation attack

Darkhan Sabdenov, former employee of CenterCredit Bank, has been taken into a 20-day custody for distributing misleading information about alleged bankruptcy of his former employer.

Ex-employee of CenterCredit Bank involved in misinformation attack
People ready to confess anything for $500,000: Kaspi Bank
People ready to confess anything for $500,000: Kaspi Bank

Kaspi bank has received more than 1000 calls from people hoping to get the $500,000 bounty.

People ready to confess anything for $500,000: Kaspi Bank
Nursultan Nazarbayev. Marat Abilov ©
We will not let Kazakhstan-based banks fail: President Nazarbayev

President reminded that the National Fund had already played a crucial role to support the national economy against the backdrop of the global financial crisis.

We will not let Kazakhstan-based banks fail: President Nazarbayev
Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign

Vyacheslav Kim, Chairman of the Board, has refuted the rumor that the announced amount would be paid to the country’s General Prosecutor’s Office.

Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign
The Head of National Bank of Kazakhstan Kairat Kelimbetov. ©primeminister.kz
Damage dealt to Kazakh banks by SMS-campaign being calculated

The Governor of Kazakhstan National Bank Kairat Kelimbetov has commented the mass SMS distribution about the bankruptcy of 3 banks of Kazakhstan.

Damage dealt to Kazakh banks by SMS-campaign being calculated
©largo.ru
Kaspi Bank depositors withdraw $212 million in a bank run

The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.

Kaspi Bank depositors withdraw $212 million in a bank run
©Marat Abilov
Misinformers SMSing about meltdown of three Kazakhstan banks found

The General Prosecutor’s Office has tracked down the groups of people creating false rumours of the bankruptcy of three Kazakhstan banks.

Misinformers SMSing about meltdown of three Kazakhstan banks found
Banks can't hold SMS-misinformers liable: lawyer
Banks can't hold SMS-misinformers liable: lawyer

Banks won't be able to bring the ones who were distributing misinformation about bankruptcy of 3 Kazakhstan banks to criminal liability.

Banks can't hold SMS-misinformers liable: lawyer
Kenes Rakishev. Photo courtesy of sportinfo.kz
Kenes Rakishev, new chairman of BTA Bank Board of Directors

Kazakhstan businessman Kenes Rakishev has become the new chairman of Kazakhstan-based BTA Bank's Board of Directors.

Kenes Rakishev, new chairman of BTA Bank Board of Directors
Tengrinews.kz
President Nazarbayev opposes state support to failing banks and companies

According to him, “We are a market economy. In a market economy thousands of businesses go out of business every year”.

President Nazarbayev opposes state support to failing banks and companies
© tengrinews.kz
President Nazarbayev on NPLs

As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.

President Nazarbayev on NPLs
Photo a courtesy of  mln.kz
Devaluation in Kazakhstan: How black was Black Tuesday?

Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

Devaluation in Kazakhstan: How black was Black Tuesday?
KazKommertsBank and BTA to merge before the end of the year

Earlier today KazKommertsBank said that the lender and entrepreneur Kenes Rakishev will buy 46.5% in BTA each from Samruk-Kazyna Sovereign Wealth Fund.

KazKommertsBank and BTA to merge before the end of the year
Online banking system hacked in Kazakhstan
Online banking system hacked in Kazakhstan

The online banking system has been hacked in Kazakhstan. Hackers arrested.

Online banking system hacked in Kazakhstan
Photo by Marat Abilov©
MP suggests checking Kazakhstan officials for offshore accounts

MPs representing Ak Zhol party in the Parliament suggested to check if Kazakhstan officials had accounts in offshore zones.

MP suggests checking Kazakhstan officials for offshore accounts
IMF's Lagarde: uncertainty over health of European banks
IMF's Lagarde: uncertainty over health of European banks

International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe's banks and that coming stress tests are a chance to build confidence in them.

IMF's Lagarde: uncertainty over health of European banks
©Yaroslav Radlovsky
Kazakhstan vests EBRD with immunity and tax privileges

Kazakhstan Majilis has ratified the agreement between Kazakhstan and European Bank of Reconstruction and Development.

Kazakhstan vests EBRD with immunity and tax privileges
©Reuters
KazAgro borrows $100 million from Royal Bank of Scotland

KazAgro National Company has borrowed $100 million from the Royal Bank of Scotland.

KazAgro borrows $100 million from Royal Bank of Scotland
Photo courtesy of kursiv.kz
Kazakhstan banks to start transition to Basel III in 2015

Kazakhstan banks will start transitioning to Basel III standards starting from January 2015.

Kazakhstan banks to start transition to Basel III in 2015
China stock market disappoints on double cash crunch
China stock market disappoints on double cash crunch

A cash shortage among banks made the Chinese stock market one of the world's worst performing this year, showing how tens of millions of small investors remain at the mercy of government policy.

China stock market disappoints on double cash crunch