site.news_by_theme National Bank

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

According to him, if there is a single pension fund managed directly by the Government or by the National Fund, there will be no deals closed with affiliated companies.

President made the decision to the benefit of the nation (…) and it will be brought to life, Central Bank Governor pledged.

As of September 30, 2012, the Netherlands were responsible for 1/3 of all the investments into the Kazakh economy ($49 billion), followed by the UK ($24.7 billion) and China ($18.2 billion).

National Bank of Kazakhstan released two silver Petroglyphs of Tamgaly coins with a nominal value of 500 tenge.

According to Kazakhstan National Bank, the country’s inflation will stay within 6-8 percent, while the GDP growth may reach 6 percent.

Foreign debt of the banking sector for the period from January to September 2012 fell down by 3.9% to $14.03 billion.

National Bank released commemorative silver proof quality coins with a nominal value of 500 tenge, dedicated to the CSTO anniversaries.

We need a favorable tax regime to support industrial production, new technologies and overall industrialization efforts: President Nazarbayev.

The National Bank of Kazakhstan announced release of The Year of the Snake commemorative gold and silver coins.

We have to admit the country’s pension system has faced a crisis. Peniosn funds are ineffective in managing the money. Inflation is eating the accumulations, a Majilisman believes.

At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.

Share of gold in the gold and currency reserves of Kazakhstan's central bank increased by 30 percent from the beginning of the year.

The National Bank of Kazakhstan has released commemorative Eagle-Owl and Panther coins.

According to him, people tend to overestimate their earning abilities.

According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.

According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.

With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.