News about finance

KazKom is key bidder for Barclays Russian subsidiary KazKommertsBank is the most likely bidder because it is offering to buy Barclays entirely and not just some of its parts.

20 June 2011

Launching a second Islamic Bank is not yet certain: Development Bank of Kazakhstan In March 2011 the then Chairman of the Board at DBK Gali Isskaliyev had said that the DBK would have a final decision on a second Islamic bank in Kazakhstan not earlier than in May 2011.

16 June 2011

Islamic securities of interest to private companies: Kazakhstan’s Finance Minister Bolat Zhamishev The Minister informed that respective amendments [enabling to issue Islamic securities in Kazakhstan] will be adopted within a month.

09 June 2011

Malaysia to teach Islamic banking to Kazakhstan Malaysia is ready to provide trainings. We are inviting to send a [Kazakhstan’s] delegation to study our practices: Malaysia’s Prime Minister Datuk Seri Najib Tun Razak.

06 June 2011