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.
Kazakhstani banks reduce external debt by $2.4 billion
Kazakhstani banks have reduced their external debt by $2.4billion.
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%.
TAIB Bank changes name to Capital Bank
TAIB Kazakh Bank has changed its name to Capital Bank Kazakhstan after changing hands.
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.
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.
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.
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.
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.
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.
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%.
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.
KazAgro borrows $100 million from Royal Bank of Scotland
KazAgro National Company has borrowed $100 million from the Royal Bank of Scotland.
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.
Kazakhstan considers Personal Bankruptcy law
Kazakhstan is considering adopting a personal bankruptcy law.
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.
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.
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.
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.
Government mulling state subsidies to boost sales of locally produced cars
With the APR standing at about 15%, 7% will be subsidized.