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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.

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

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.

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.

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

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

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

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

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

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

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

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.

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

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

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

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.

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

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

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

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.
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