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Kazakhstan's gross foreign debt totals $129.3 billion in Q1 According to the National Bank, in the Q1 2012 the foreign debt of the banking sector grew by 1.5% up to $14.823 billion.

02 July 2012

Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.

22 June 2012

Marchenko is against agricultural bank in Kazakhstan National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.

21 June 2012

National Bank’s Vice Governor assures the tenge will remain stable for years to come According to him, “for the recent year the nation’s exports potential has grown 40%”.

12 June 2012

Marchenko gave reasons for leveling retirement age The retirement age should be leveled for men and women in Kazakhstan if for no other reason than because women of the older generation are more qualified and experienced: Marchenko.

11 June 2012

Kazakhstan Central Bank may further slash its key rate to 5.25-5.5% There is a clear signal that both cost of borrowed money and interest rates on loans should be lowered: Central Bank Governor.

07 June 2012

Kazakhstan slashes the share of Euro in its FX reserves So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.

07 June 2012

Volatility of the Russian rouble is not reflected on the Kazakh tenge Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.

07 June 2012

Kazakhstan banknote named best in the world Kazakhstan commemorative banknote with a nominal value of 10,000 tenge has been acknowledged The Banknote of the Year by IBNS.

05 June 2012

New 10,000 tenge banknote released in Kazakhstan Newly designed banknote with a nominal value of 10,000 tenge has been released in Kazakhstan.

04 June 2012

Kazakhstan investments into the US economy stand at $41 billion: Central Bank Governor US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.

24 May 2012

Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.

16 May 2012

National Bank’s gold and FX reserves figure announced Since the start of the year the net gold and FX reserves have grown by 19.93%.

07 May 2012

Customs Union may launch a common currency in 10-12 years: Central Bank Governor According to him, it will take time for the Customs Union member states to work out common rules of the game.

04 May 2012

Central Bank Governor Gregory Marchenko in favor of raising retirement age for women In an interview for KazTag Agency early March Gregory Marchenko said that “raising the retirement age for women up to 63 y.o. is an issue of gender equality.

02 May 2012

Central Bank Governor does not rule out the key rate may be further slashed in May Earlier the Bank decided to set the key rate at 6.5% starting from April 1, which is the lowest rate ever.

28 April 2012

Stressed Assets Fund to buy out bad loans from banks starting from May The vehicle will be used to buy out bad loans not related to the real estate market: Central Bank Governor.

28 April 2012

KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.

28 April 2012

Kazakhmys sold gold worth $115 million to Kazakhstan National Bank Kazakhmys corporation sold gold worth $115 million to Kazakhstan National Bank in the first quarter of 2012.

27 April 2012

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