News about bank
Central bank cleans the house in Kazakhstan’s banking sector
Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
17 September 2014 19:34
Cyprus fears next tranche of bailout funds at risk
Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.
12 September 2014 12:12
Santander names Ana Botin as chair after her father's death
Ana Patricia Botin was named the new chairman of Spanish bank Santander, replacing her father who died suddenly of a heart attack.
11 September 2014 13:00
Kazakhstan-based banks obliged to keep equity capital inside the country
According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
11 September 2014 00:12
Kazakhstan expands Tenge to US Dollar exchange rate corridor
Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.
10 September 2014 16:59
Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth
As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
09 September 2014 10:14
Kerviel: 'ordinary' guy behind France's record rogue trade
Rogue trader Jerome Kerviel, who lost his bank nearly five billion euros, paints himself as a simple soul caught up in an orgy of greed.
08 September 2014 14:22
Cyber attacks on US businesses, banks mounting
Investigators were digging to find who initiated and what was taken in an apparent hacker effort this month to penetrate the systems of US banks.
29 August 2014 11:33
Alliance Bank debt restructuring talks break stalemate
Alliance Bank of Kazakhstan has agreed the basic terms of restructuring of its $1.2 billion debt.
15 August 2014 15:11
Russia's stocks soar after avoiding delisting
The shares of Russia's two biggest banks soared after avoiding being delisted from a top emerging markets index as part of the West's response.
11 August 2014 14:25
US and Europe hit Russia with toughest sanctions yet
The United States and Europe targeted Russia's key financial, arms and energy sectors Tuesday with tough new sanctions in response to Moscow's intervention in the Ukraine crisis.
30 July 2014 12:29
Bank of Cyprus completes $1 bn private share placement
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014 04:43
Cautious Royal Bank of Scotland reports sharp recovery
Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
25 July 2014 14:48
BRICS create development bank, 'mini-IMF'
The BRICS group of emerging powers created a Shanghai-based development bank and a reserve fund seen as alternatives to Western-led institutions.
16 July 2014 11:11
Bank of Japan holds off fresh stimulus, says economy recovering
The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike.
15 July 2014 12:05
Softbank in deal to merge Sprint, T-Mobile: report
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
12 July 2014 13:44
Samruk-Kazyna withdraws from Temirbank
Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.
07 July 2014 12:36
KazKom launches PayPass in Kazakhstan
Kazkommertsbank has launched a contactless payment system that uses mobile phones in Kazakhstan.
30 June 2014 10:12
G20 lagging on growth targets: Australia
Reforms proposed to lift global growth in line with a target set by the world's biggest economies earlier this year are so far falling short, Australian Treasurer Joe Hockey said.
23 June 2014 12:30
Kazakh VIce-PM about foreign debt
Kazakhstan's Vice Prime Minister and Minster of Finance Bakhyt Sultanov reported to the Parliament about the measures the government was planning to use to reduce the foreign debt of the country.
22 June 2014 12:43