Central Bank Governor on Toxic Assets FundAccording 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.
29 October 2014
Central Bank Governor advises against borrowingAccording 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.
China bank loans surge in March: central bankChina's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.
Central Bank toughens requirements to borrowersEarlier 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.
Japan PM to visit Africa, Mideast with cash pledge: reportsJapanese Prime Minister Shinzo Abe will visit Africa and the Middle East this week, reports said Monday, bearing development cash pledges as Tokyo pushes back against growing Chinese influence in the resource-rich region.