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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

Toxic assets fund under the National Bank of Kazakhstan launched Should the toxic assets fund be successful, second tier banks will get rid of toxic assets worth $2 billion: Central Bank Governor.

19 April 2012

Kazakhstan Central Bank slashes its key rate Previously the key rate had been slashed February 14, 2012 from 7.5% to 7%.

29 March 2012

Central Bank Governor on Islamic financial industry in Kazakhstan The Government is developing an Islamic Finance Development Roadmap before 2020.

19 March 2012

It is prematurely to talk of a single currency within the Customs Union: Central Bank Governor First of all, the member states would have to concert major macroeconomic parameters just like European nations did when formulating Maastricht criteria.

16 March 2012

National Bank preparing for e-tenge Kazakhstan National Bank is working on implementation of e-tenge electronic money system.

16 March 2012

National Bank purchased 20 tons of gold since November 2011 As of March 1, 2012 the Bank’s gold and currency reserves made up $35.352 billion, with the currency reserves standing at $30.072 billion.

15 March 2012

Central Bank Governor on the Tenge strengthening The external conditions for Kazakhstan, a commodity exporter, are extremely favorable: Gregory Marchenko.

07 March 2012

Massimov signed joint statement of government and National Bank Karim Massimov signed a joint statement of Kazakhstan government and the National Bank on the economic policy in 2012.

01 March 2012

$3-3.5 billion of the National Oil Fund money may be injected into investment projects in 2013-2016 In his State of the Nation Address January 27, 2012, President Nazarbayev suggested the National Oil Fund money be used in the form of loans to the national economy rather than kept with foreign banks.

27 February 2012

Kazakhstan’s National Bank becomes a member of the Islamic Financial Services Board (IFSB) The membership will enable the National Bank to rely on effective support of the Organization to introduce and regulate Islamic financial services in Kazakhstan.

23 February 2012

Prices for real estate in Almaty are not set to drop: Central Bank Governor In a separate statement he didn’t rule out a possibility of a single currency within the Common Economic Space within 8-10 years’ time.

21 February 2012

National Oil Fund assets to finance projects involving strategic investors: Central Bank Governor He also stressed that according to the National Bank’s estimates, in 2012 funds of the National Oil Fund may not be needed for such projects.

15 February 2012

Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.

14 February 2012

National Bank slashes key rate In April the key rate could be slashed even further if the inflation rate remains at the current level: National Bank’s Governor

14 February 2012

National Bank statistics Assets of the current 38 second-tier Kazakhstan’s banks as of January 1, 2012 made up $86.5 billion, growing by 6.5% throughout 2011.

07 February 2012

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