site.news_by_theme Marchenko

Deputy chairman of Kazakhstan National Bank Bissengali Tadzhiyakov. Photo courtesy of diapazon.kz
Kazakhstan National Bank did not call to raise retirement age: vice-chairman

Marchenko expressed his opinion as a citizen and consultant: Bissengali Tadzhiyakov.

Kazakhstan National Bank did not call to raise retirement age: vice-chairman
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Central Bank Governor on Kazakhstan’s foreign debt

In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.

Central Bank Governor on Kazakhstan’s foreign debt
© tengrinews.kz
Toxic Assets Fund has been slow to buy out toxic assets: Central Bank Governor

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.

Toxic Assets Fund has been slow to buy out toxic assets: Central Bank Governor
Central Bank Governor Gregory Marchenko. © Yaroslav Radlovsky
Central Bank Governor on devaluation of the national currency, the Tenge

According to him, since February 2009 the Tenge has grown against the Dollar by 12%.

Central Bank Governor on devaluation of the national currency, the Tenge
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Legislation on the single chain of ATMs run by the Central Bank to be drafted by July 1: Central Bank Governor

I believe we should work out an option acceptable for most of the country’s banks: Gregory Marchenko.

Legislation on the single chain of ATMs run by the Central Bank to be drafted by July 1: Central Bank Governor
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Kazakhstan’s Central Bank Governor on single currency within Customs Union

It could take us a decade if we build on the Eurozone experience, he believes.

Kazakhstan’s Central Bank Governor on single currency within Customs Union
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Central Bank Governor on pension reforms

According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

Central Bank Governor on pension reforms
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Kazakhstan might launch a single system of ATMs operated by the Central Bank

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 might launch a single system of ATMs operated by the Central Bank
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Kazakhstan invested over $1 billion in Cyprus: Marchenko

Kazakhstan invested $1.162 billion into Cyprus as of the end of 2012.

Kazakhstan invested over $1 billion in Cyprus: Marchenko
There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko
There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko

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.

There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko
Gregory Marchenko. Photo by Vladimir Dmitriyev©
Marchenko plans to retire at 55

Chairman of Kazakhstan National Bank Gregory Marchenko plans to retire in 2015.

Marchenko plans to retire at 55
Vice PM Kairat Kelimbetov. ©pm.kz
There is no final political decision on raising the retirement age for women so far: Vice PM Kelimbetov

When there are decent working conditions in place, everyone is willing to work as long as possible: Central Bank Governor.

There is no final political decision on raising the retirement age for women so far: Vice PM Kelimbetov
Central Bank Governor believes it’s time local banks turned to external borrowing

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.

Central Bank Governor believes it’s time local banks turned to external borrowing
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Marchenko points at Kazakhstan private pension funds' mistakes

Kazakhstan private pension funds were over-investing in public securities inside Kazakhstan and under-investing abroad: Marchenko.

Marchenko points at Kazakhstan private pension funds' mistakes
Governor of the National Bank of Kazakhstan Gregory Marchenko. Photo by Yaroslav Radlovskiy©
National Bank Governor warns against dominance of public bodies reps in the Single Pension Fund Board

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.

National Bank Governor warns against dominance of public bodies reps in the Single Pension Fund Board
National Bank Head Gregory Marchenko. Yaroslav Radlovsky©
National Bank Governor on ways current pension funds could take

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.

National Bank Governor on ways current pension funds could take
National Bank Head Gregory Marchenko. National Bank Press Servive©
National Bank Governor on investing pension assets into infrastructure projects

Pension savings are to be consolidated into a single pension fund by July 1, 2013.

National Bank Governor on investing pension assets into infrastructure projects
Gregory Marchenko. By Vladimir Dmitriev ©
Current pension funds could be transformed into asset management companies: Central Bank Governor

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.

Current pension funds could be transformed into asset management companies: Central Bank Governor
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
National Bank refutes alleged resignation of its Governor Gregory Marchenko

According to the Bank’s PR Department, Mr. Marchenko hasn’t filed and doesn’t plan to file in resignation before the tenure expires.

National Bank refutes alleged resignation of its Governor Gregory Marchenko
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Yaroslav Radlovskiy©
Central Bank Governor Gregory Marchenko may file in his resignation letter

Euromoney’s 2003 central bank governor of the year may quit although his tenure only expires in 2015.

Central Bank Governor Gregory Marchenko may file in his resignation letter