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President of Kazakhstan Nursultan Nazarbayev ©REUTERS Nursultan Nazarbayev and EDB Chairman meet in Astana Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.
27 April 2014
Kairat Kelimbetov. Photo courtesy of www.primeminister.kz Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.
18 April 2014
People's Bank of China. Photo courtesy of thechinatimes.com China bank loans surge in March: central bank China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.
16 April 2014
fastloanusa.com Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.
15 April 2014
© Tengrinews Consumer loans in Kazakhstan reach 2.3 trillion Tenge Consumer credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.
14 April 2014
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.
11 April 2014
Photo © RIA Novosti Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.
09 April 2014
©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.
02 April 2014
© 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%.
02 April 2014
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.
29 March 2014
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.
27 March 2014
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.
17 March 2014
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.
09 March 2014
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.
06 March 2014
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.
06 March 2014
© 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.
06 March 2014
Photo a courtesy of Forbes.com Wealthiest Kazakhs: Forbes 2014 Five Kazakhstan richest man made it into the Forbes list this year.
05 March 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.
03 March 2014
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.
28 February 2014
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".
26 February 2014

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