site.news_by_theme National Bank
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
19 out of 29 gold-mining companies pledge to supply gold to the Astana refinery
In August 2011 the National Bank announced it would be exercising its preemptive right to purchase gold to be produced within Kazakhstan.
04 July 2012
Annual inflation rate may be below 6% at the end of 2012: National Bank Governor
He noted that the lowest inflation rate since 1999 is bolstered by a number of factors, including somewhat decreasing prices for foodstuffs and crude oil.
04 July 2012
Kazakhstan's gross foreign debt totals $129.3 billion in Q1
According to the National Bank, in the Q1 2012 the foreign debt of the banking sector grew by 1.5% up to $14.823 billion.
02 July 2012
Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev
According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.
22 June 2012
Marchenko is against agricultural bank in Kazakhstan
National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.
21 June 2012
National Bank’s Vice Governor assures the tenge will remain stable for years to come
According to him, “for the recent year the nation’s exports potential has grown 40%”.
12 June 2012
Marchenko gave reasons for leveling retirement age
The retirement age should be leveled for men and women in Kazakhstan if for no other reason than because women of the older generation are more qualified and experienced: Marchenko.
11 June 2012
Kazakhstan Central Bank may further slash its key rate to 5.25-5.5%
There is a clear signal that both cost of borrowed money and interest rates on loans should be lowered: Central Bank Governor.
07 June 2012
Kazakhstan slashes the share of Euro in its FX reserves
So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.
07 June 2012
Volatility of the Russian rouble is not reflected on the Kazakh tenge
Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.
07 June 2012
Kazakhstan banknote named best in the world
Kazakhstan commemorative banknote with a nominal value of 10,000 tenge has been acknowledged The Banknote of the Year by IBNS.
05 June 2012
New 10,000 tenge banknote released in Kazakhstan
Newly designed banknote with a nominal value of 10,000 tenge has been released in Kazakhstan.
04 June 2012
Kazakhstan investments into the US economy stand at $41 billion: Central Bank Governor
US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.
24 May 2012
Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan
Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.
16 May 2012
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