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Central Bank Governor reports to President Nazarbayev At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.

14 November 2012

Kazakhstan National Bank's gold reserves increased by 30 percent Share of gold in the gold and currency reserves of Kazakhstan's central bank increased by 30 percent from the beginning of the year.

01 November 2012

Kazakhstan National Bank released eagle-owl coin with diamond The National Bank of Kazakhstan has released commemorative Eagle-Owl and Panther coins.

19 October 2012

Kazakhstan’s Central Bank Governor criticizing those taking consumer loans According to him, people tend to overestimate their earning abilities.

10 October 2012

Kazakhstan’s international reserves grow to $85.5 billion According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.

08 October 2012

Kazakhstan residents prefer loans in tenge According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

02 October 2012

Kazakhstan residents have almost $32 billion on bank deposits A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

02 October 2012

Kazakhstan’s Central Bank Governor tasked with further reforming the pension system Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.

17 September 2012

Kazakhstan’s National Oil Fund assets might be used to finance S&MBs With the assets of the National Oil Fund used to finance S&MBs, the APR could stand at 6-7%.

16 August 2012

Central Bank Governor on the tenge and growing demand for the US Dollar Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.

08 August 2012

Kazakhstan Central Bank Governor on slashing the key rate Mr. Marchenko elaborated that so far the National Bank has no plans to revisit the anticipated inflation corridor of 6-8% downwards for the following year.

08 August 2012

Kazakhstan National Bank slashes key rate The step is related to slowing down in the annual inflation in Kazakhstan: National Bank.

07 August 2012

Kazakhstan slashes the key rate from the current 6% to 5.5% from August 6 In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.

02 August 2012

Kazakhstan’s gross foreign debt as of March 31, 2012 stood at $129.3 billion According to Mr. Marchenko, the debt of the Government and the National Bank make up 4% of the overall debt figure, that is $5.2 billion.

26 July 2012

Kazakhstan Central Bank’s Governor on economic prospects The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.

25 July 2012

National Bank’s Governor doesn’t rule out further slashing down the key rate In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.

25 July 2012

Kazakhstan to shortly ban Ponzi schemes The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.

25 July 2012

National Oil Fund’s average annual earning capacity stands at 4.51% The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.

25 July 2012

Marchenko ready to buy foreign car at his own expense Kazakhstan National Bank will attract Kazakhstan manufacturers for the next cars procurement tender.

09 July 2012

Economic uncertainty to last for at least another 9 months: National Bank Governor According to him, speculations on a second possible wave of the global financial crisis will be persistent for at least another 9 months until the Bundestag election is over and Eurozone issues are resolved.

05 July 2012

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