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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

Samruk-Kazyna and National Bank refute possible merger of BTA with another bank Last week a number of media had reported that BTA might merge with another large bank.

18 January 2012

Marchenko explained renewal of 5000 tenge banknote Renovation of 5000 tenge note is related to introduction of a new series of banknotes called Samruk.

13 January 2012

Commemorative coins issued in Kazakhstan prior to Kunayev anniversary: PHOTO Commemorative coins dedicated to one hundred anniversary of Dinmukhamed Kunayev, a Soviet public figure, were issued in Kazakhstan.

13 January 2012

PHOTO: Red 5,000 tenge banknote issued in Kazakhstan A newly-designed five thousand tenge banknote was issued in Kazakhstan on December 30, 2011.

10 January 2012

Individual retail deposit amount guaranteed by the state reaffirmed for 2012 This measures means that in case of a bank winding-up the Deposit Guarantee Fund (owned by the National Bank of Kazakhstan) will compensate each individual depositor for the lost savings within KZT 5 million.

09 January 2012

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