News about National Bank
$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign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.
16 April 2014 17:32
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.
16 April 2014 15:57
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%.
15 April 2014 10:32
$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.
14 April 2014 16:04
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.
11 April 2014 20:21
Kazakhstani banks reduce external debt by $2.4 billion
Kazakhstani banks have reduced their external debt by $2.4billion.
09 April 2014 17:32
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.
08 April 2014 11:01
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.
31 March 2014 14:24
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.
31 March 2014 14:09
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.
23 March 2014 12:34
Central Bank toughens requirements to borrowers
Earlier Kazakhstan’s President Nursultan Nazarbayev commissioned banks’ heads to reduce the share of NPLs “in any possible ways” to 15% of their portfolio by 2015 and further to 10% by 2016.
06 March 2014 11:29
We will not let Kazakhstan-based banks fail: President Nazarbayev
President reminded that the National Fund had already played a crucial role to support the national economy against the backdrop of the global financial crisis.
21 February 2014 14:31
Damage dealt to Kazakh banks by SMS-campaign being calculated
The Governor of Kazakhstan National Bank Kairat Kelimbetov has commented the mass SMS distribution about the bankruptcy of 3 banks of Kazakhstan.
20 February 2014 15:47
Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits
Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.
20 February 2014 11:55
Central Bank Governor refutes rumors of banks bankruptcies
Misleading wave of sms in the country resulted in deposit run.
18 February 2014 17:28
Single Pension Fund ensures safety of pension savings
Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.
17 February 2014 12:36
Kazakhstan National Fund allocates $5.4 billion to support economy
After the devaluation of tenge by 19% earlier this week, the National Fund of Kazakhstan decided to allocate $5.4 billion to support local business.
16 February 2014 12:42
Possible inflation risks: National Bank
In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.
15 February 2014 16:18
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev
The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev
14 February 2014 20:45
Dedollarization of Kazakh mentality: Governor of National Bank
The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.
13 February 2014 16:24