No deficit of tenge bills in Kazakhstan: Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.
Central Bank Governor on possible second wave of currency devaluation
Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.
Central Bank Governor on Kazakhstan-based banks
According to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.
Kazakhstan is concerned over possible widened economic sanctions against Russia
Russia might face a zero economic growth this year. It’s no good news for us as the two economies are interdependent to a great extent: Kazakhstan’s Central Bank Governor.
Legitimization of assets to bring billions: Kelimbetov
Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.
Kazakhstan 1000 tenge banknote named best in the world
Kazakhstan banknote of 1000 tenge has been acknowledged The Banknote of the Year by the International Banknote Society (IBNS).
Kazakh central bank grants Rakishev permission to purchase BTA Bank
Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
Kazakhstan to halve its banks in 5 years: opinions
Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.
Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov
The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.
Central Bank to raise requirements to banks tenfold by 2020
Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.
$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign
Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.
President Nursultan Nazarbayev on the country’s financial industry
Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.
Kazakhstan bank assets to reach 80% of GDP by 2020
According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.
$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014
One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.
President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund
President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.
Kazakhstani banks reduce external debt by $2.4 billion
Kazakhstani banks have reduced their external debt by $2.4billion.
Kazakhstan’s international reserves figure announced
The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.
Merger of pension funds to form a single entity complete in Kazakhstan
Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.
Kazakhstan’s 2013 external debt figure grows from $136.922 billion to $148.753 billion
The Central Bank elaborated that the debt of the country’s banking system decreased for the period by 17.5% down to $11.160 billion.
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.
