Financial Market Regulatory Agency responded to the Supreme Court's proposal
Tengrinews.kz – The Agency for Regulation and Development of Financial Market responded to the Supreme Court’s proposal to write off loans to
Supreme Court proposed writing off loans for some Kazakhstani citizens
Tengrinews.kz - The International Council of the Supreme Court proposed that banks and microcredit organizations write off loans for victims
Loan processing ban: new service available on eGov
Tengrinews.kz - Kazakhstanis can now voluntarily refuse to receive bank loans and microloans for an unlimited period of time. The new service
Elderly man in Semey became a victim of a fraud scheme
Tengrinews.kz - A 64-year-old resident reported receiving threatening calls and contacted the police in Semey, citing the Abai region police
Saudi to take $10 billion foreign loan
Saudi Arabia will take a $10 billion loan from foreign banks to help close the gap in its state finances from collapsed oil revenues.
Brazil's impeachment: a how to guide
Brazil's President Dilma Rousseff risks being driven from office if the lower house votes in favor of an impeachment trial.
'Bad bank' deal could be option for several countries: EU banking resolution chief
A state-backed "bad bank" that would take over non-performing loans from a country's banks could also be an option for other countries.
Kazakh Senate passes bill prohibiting foreign currency mortgage loans
Kazakh Senate, the upper house of Kazakhstan’s Parliament, has passed a bill on non-performing loans and assets of second-tier banks.
Kazakhstan National Bank raises base interest rate to 16%
The National Bank of Kazakhstan has revised the base interest rate raising from 12 to 16 percent in order to curb inflation in Kazakhstan.
Loans in dollars are dangerous: head of Kazkom
Chairman of the Board of of Kazkommertsbank said that issuing and obtaining loans in dollars in Kazakhstan was dangerous.
Tenge-denominated loans to be available soon: Kazakh Central Bank Governor
It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.
Kazakh banks experiencing tenge shortages
Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.
Development Bank of Kazakhstan funds modernization of Pavlodar Oil Refinery
Pavlodar Oil Refinery will receive funding from Development Bank of Kazakhstan (DBK) amounting to $1.2 billion.
Several Kazakh banks cease issuing mortgage loans in tenge
Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.
Foreign borrowers responsible for 40% of NPLs in Kazakhstan
A significant bulk of the NPLs were provided back in 2006-2008, a time of heavy borrowing and high appetite for risky investments.
ADB provides a loan of $122 million to support S&MBs in Kazakhstan
The loan is part of the second tranche of the $500 million program to support S&MBs approved by the ADB in 2012.
Central Bank Governor on Toxic Assets Fund
According to him, the money will only be provided to banks that have accumulated the most of NPLs. Kazkommertsbank and BTA to be shortly merged are among them as they jointly account for 62% of NPLs in the banking sector.
Central Bank Governor advises against borrowing
According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
IBRD to loan $36 million to Kazakhstan to enhance legal system
President Nursultan Nazarbayev has endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development.
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.