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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

16 September 2024

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

13 September 2024

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.

20 April 2016

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.

11 April 2016

'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.

17 February 2016

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.

17 November 2015

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.

05 October 2015

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.

27 July 2015

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.

12 February 2015

Kazakh banks experiencing tenge shortages Experts talk about the deficit of tenge experienced by commercial banks in Kazakhstan.

04 February 2015

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.

09 January 2015

Several Kazakh banks cease issuing mortgage loans in tenge Several Kazakhstan’s banks have ceased issuing mortgage loans in tenge.

24 December 2014

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.

05 November 2014

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.

04 November 2014

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.

29 October 2014

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.

23 July 2014

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.

16 July 2014

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.

18 April 2014

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

Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.

09 April 2014

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