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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
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
© 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
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
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
© Yaroslav Radlovsky BTA suspends lending operations in the wake of 20% currency devaluation According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.
26 February 2014
Sberbank and European Investment Bank signed a loan agreement. ©sberbank.kz EIB gives 100 million Euro to Sberbank for SMBs in Kazakhstan The European Investment Bank (EIB) and Sberbank offer new opportunities for small and mid-sized business of Kazakhstan.
24 February 2014
Illustration a courtesy of Tengrinews Kazakhstan National Fund allocates $5.4 billion to support economy After the devaluation of tenge by 19% earlier this week, the National Fund of Kazakhstan decided to allocate $5.4 billion to support local business.
16 February 2014
© tengrinews.kz President Nazarbayev on NPLs As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.
14 February 2014
© tengrinews.kz Kazakhstan Central Bank Governor on consumer loan rates and NPLs Kazakhstan Central Bank is negotiating with second-tier banks to reduce the NPLs figure down to 15% by January 1, 2015 from the current 35.8%.
03 February 2014
Japan PM to visit Africa, Mideast with cash pledge: reports Japanese 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.
06 January 2014
©Reuters KazAgro borrows $100 million from Royal Bank of Scotland KazAgro National Company has borrowed $100 million from the Royal Bank of Scotland.
06 January 2014
Japan to pledge $20 bn aid to ASEAN: reports Japan will pledge $20 billion in aid to Southeast Asian countries at a 11-nation summit this weekend as it looks to shore-up ties in a region increasingly dominated by China, reports said Friday.
13 December 2013
Photo courtesy spb.aif.ru Kazakhstan considers Personal Bankruptcy law Kazakhstan is considering adopting a personal bankruptcy law.
20 November 2013
Chinese bank lends Niger $1 billion: minister Niger has accepted a controversial $1 billion loan from the Export-Import Bank of China (China Exim Bank) to finance development projects.
30 October 2013
©Reuters/Shohei Miyano Japan bank to punish executives over loans to gangsters: reports Japan's Mizuho Bank will punish more than 30 executives over revelations that the lender made loans to underworld figures, reports said Friday, in the latest chapter of a headline-grabbing scandal.
25 October 2013
Unbridled consumer loans are a new bomb to undermine the Kazakhstan’s financial sector: President Nazarbayev President has commissioned Kairat Kelimbetov, the newly appointed Central Bank Governor, to look into the situation.
12 October 2013
Tengrinews.kz file photo Asian Development Bank to lend Kazakhstan $125 million for Shymkent-Tashkent road repairs Kazakhstan eyes ratifying a loan agreement with the Asian Development Bank to fund repairs of Shymkent-Tashkent section of the Western Europe-Western China international transit corridor.
02 October 2013
Kazakhstan-made cars. © Daniyal Okassov Government mulling state subsidies to boost sales of locally produced cars With the APR standing at about 15%, 7% will be subsidized.
12 August 2013
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