Kazakhstan adopts state-supported education deposits
Depositing a certain amount in the name of their child, parents enjoy both the bank’s interest and a special premium from the government.
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With zinc sources drying up and demand forecast to surge, resource hungry China is looking to Canada to approve two giant mines and close the gap -- but environmentalists and roving caribou stand in the way.
Majilis approved law on state educational deposits
Kazakhstan Majilis approved a law to introduce a state educational deposits system in Kazakhstan.
Kazakhstan residents have almost $32 billion on bank deposits
A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.
Popigai: Russia's vast, untouched diamond crater
In the far north of Siberia, Russian scientists have stepped up research on a once-secret deposit of diamonds whose scale dwarfs anything ever discovered and could turn world markets "upside down".
Maximum interest rates on deposits cut in Kazakhstan on July 1
Kazakhstan Deposit Guarantee Fund decreased maximum interest rates on bank deposits for individuals starting from July 1.
State educational deposits system may be launched in Kazakhstan in 2012
The system’s mechanism and draft law are being prepared in Kazakhstan: Education Ministry.
Individual retail deposit amount guaranteed by the state reaffirmed for 2012
This measures means that in case of a bank winding-up the Deposit Guarantee Fund (owned by the National Bank of Kazakhstan) will compensate each individual depositor for the lost savings within KZT 5 million.
Majority of Kazakhstan residents willing to save money with the state
A majority of Kazakhstan residents are ready to participate in state educational deposits systems.
Educational loans system to be developed in Kazakhstan
It is important to create legal conditions for development of the system of guaranteed educational loans: Nursultan Nazarbayev.
National Bank suspends licenses of three banks for some banking operations
Senim bank, TAIB Kazakhstan, Credit Altyn and Al Hilal, first Islamic bank in Kazakhstan had their licenses suspended for three months.
Labor Ministry rejects suggestion to open a deposit worth $1000 for every newly born baby
The state had better take some measures to protect the nation against slump of prices [for commodities that ensure most of the budget revenues]: Labor Ministry.
Individual retail deposit amount guaranteed by the state to remain intact: Central Bank Chairman
Starting from 2012 the amount was to be reduced from KZT 5 million ($34.2 thousand) to KZT 1 million ($6.8 thousand).
National Bank to make suggestions on deposit insurance scheme for individuals
Kazakhstan had reinforced its deposit insurance scheme by increasing the individual retail deposit amount guaranteed by the state to KZT 5 million ($34.2 thousand) from KZT 700 thousand ($4.7 thousand) late 2008.
Kazakhstan youth does not trust educational deposits
Kazakhstan youth organizations do not trust educational deposits system and keep collecting signatures against the innovation.
Kazakhstan young people against educational deposits
Kazakhstan youth organizations disagree with the Education Ministry's decision to introduce educational deposits.
Educational deposits to appear in Kazakhstan by 2015
Educational accounts will let parents save up for their children's education in Kazakhstan. They won't be able to cash out the accounts. The fund will be directly transferred from the bank to the university of choice.
Banks assets stand at $84.6 billion as of April 1
Total deposits grew 3.9% in March, making up $49.5 billion, with 67.8% being deposits of legal entities.
