Marchenko expressed his opinion as a citizen and consultant: Bissengali Tadzhiyakov.
In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.
Kazakhstan’s banks should sell their NPLs at a reasonable discount (…) they had better not concentrate on such NPLs; let the Toxic Assets Fund deal with them: Gregory Marchnko.
According to him, since February 2009 the Tenge has grown against the Dollar by 12%.
I believe we should work out an option acceptable for most of the country’s banks: Gregory Marchenko.
It could take us a decade if we build on the Eurozone experience, he believes.
According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.
According to Gregory Marchenko, the Central Bank Governor, the suggested single system of ATMs will enable to cut down the service fee twofold as compared to the current average rate.
Kazakhstan invested $1.162 billion into Cyprus as of the end of 2012.
We don't see any deposits of Kazakhstan legal entities or individuals in Cyprus banks and our banks have no relations with Cyprus banks: Marchenko.
Chairman of Kazakhstan National Bank Gregory Marchenko plans to retire in 2015.
When there are decent working conditions in place, everyone is willing to work as long as possible: Central Bank Governor.
He reminded that the banking sector’s debt reached its peak back in 2007 making up $47 billion, whereas today the figure stands at $10.6 billion.
Kazakhstan private pension funds were over-investing in public securities inside Kazakhstan and under-investing abroad: Marchenko.
According to him, in the long run the Government may need money to cover the budget deficit or finance some state-run projects and there might be a temptation to rely on pension savings.
They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.
Pension savings are to be consolidated into a single pension fund by July 1, 2013.
According to him, the Government is to hire an assessment company to fairly and independently evaluate the assets so that they could be bought out later on at a fair market value.
According to the Bank’s PR Department, Mr. Marchenko hasn’t filed and doesn’t plan to file in resignation before the tenure expires.
Euromoney’s 2003 central bank governor of the year may quit although his tenure only expires in 2015.