site.news_by_theme National Bank
President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum
We need a favorable tax regime to support industrial production, new technologies and overall industrialization efforts: President Nazarbayev.
14 December 2012
The Year of the Snake commemorative coins released in Kazakhstan
The National Bank of Kazakhstan announced release of The Year of the Snake commemorative gold and silver coins.
10 December 2012
Toughening of the country’s retirement legislation may cause social tensions
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.
21 November 2012
Central Bank Governor reports to President Nazarbayev
At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.
14 November 2012
Kazakhstan National Bank's gold reserves increased by 30 percent
Share of gold in the gold and currency reserves of Kazakhstan's central bank increased by 30 percent from the beginning of the year.
01 November 2012
Kazakhstan National Bank released eagle-owl coin with diamond
The National Bank of Kazakhstan has released commemorative Eagle-Owl and Panther coins.
19 October 2012
Kazakhstan’s Central Bank Governor criticizing those taking consumer loans
According to him, people tend to overestimate their earning abilities.
10 October 2012
Kazakhstan’s international reserves grow to $85.5 billion
According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.
08 October 2012
Kazakhstan residents prefer loans in tenge
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.
02 October 2012
Kazakhstan residents have almost $32 billion on bank deposits
A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.
02 October 2012
Kazakhstan’s Central Bank Governor tasked with further reforming the pension system
Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.
17 September 2012
Kazakhstan’s National Oil Fund assets might be used to finance S&MBs
With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.
16 August 2012
Central Bank Governor on the tenge and growing demand for the US Dollar
Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.
08 August 2012
Kazakhstan Central Bank Governor on slashing the key rate
Mr. Marchenko elaborated that so far the National Bank has no plans to revisit the anticipated inflation corridor of 6-8% downwards for the following year.
08 August 2012
Kazakhstan National Bank slashes key rate
The step is related to slowing down in the annual inflation in Kazakhstan: National Bank.
07 August 2012
Kazakhstan slashes the key rate from the current 6% to 5.5% from August 6
In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.
02 August 2012
Kazakhstan’s gross foreign debt as of March 31, 2012 stood at $129.3 billion
According to Mr. Marchenko, the debt of the Government and the National Bank make up 4% of the overall debt figure, that is $5.2 billion.
26 July 2012
Kazakhstan Central Bank’s Governor on economic prospects
The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.
25 July 2012
National Bank’s Governor doesn’t rule out further slashing down the key rate
In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.
25 July 2012
Kazakhstan to shortly ban Ponzi schemes
The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.
25 July 2012