News about National Bank

Net gold and currency reserves grow Net gold and currency reserves of the Kazakhstan’s National Bank grew by 31.44% from January to July, making up $36.3 billion as of the end of July.

06 August 2011

Kazakhstan’s banks see growing demand for consumer loans According to the National Bank, 47% of the country’s banks saw intensified demand for mortgages.

02 August 2011

National Bank outlines major provisions of the recently adopted law on e-money The draft was signed into law by President Nazarbayev July 21.

29 July 2011

Kazakhstan banks’ assets total $87 billion as of July 1 Banks’ loan portfolio totaled $64 billion.

28 July 2011

Banks’ milder policies boost interest to retail loans: National Bank Governor Gregory Marchenko The interest is coupled with pent up demand.

11 July 2011

Salary raise for public sector employees may affect inflation: Kazakhstan’s National Bank Governor Gregory Marchenko Salaries of public sector employees have been raised by 30% since July 1.

11 July 2011

National Bank Governor Gregory Marchenko in favor of obligatory real estate insurance According to him, the reason why insurance schemes are not popular is mentality of public at large.

10 July 2011

Don’t put all eggs in one basket: National Bank Governor Gregory Marchenko According to him, it’s advisable to keep 50% of your savings in tenge with the other 50% kept in some other currency chosen at your own discretion.

08 July 2011

Aggregate gold and currency reserves of Kazakhstan 24.5% up since January The figure made up $73.3 billion as of the end of June.

07 July 2011

Deputy Chairman of Kazakhstan National Bank does't preclude single currency in CU and CES Introduction of single currency is possible if we reach a high level of integration and convergence: Daniyar Akishev.

24 June 2011

One third of loans in Kazakhstan banks are "bad" Share of bad loans - both hopeless and doubtful - exceeds 30 percent: deputy chairman of Kazakhstan National Bank.

17 June 2011

Kazakhstan and China agree on currency swaps According to National Bank’s Vice Chairman Bissengali Tadjiyakov, the measure is necessary given the robust growth of the bilateral trade turnover: the current figure stands at $20 billion and is set to triple by 2015.

14 June 2011

National Bank issued new 1,000 tenge note to commemorate Kazakhstan's OIC chairmanship National Bank has issued a new one thousand tenge note on the occasion of Kazakhstan's chairmanship in the Organization of the Islamic Conference.

09 June 2011

Inflation demolishes pension savings in Kazakhstan Profitability of pension funds does not exceed inflation rate: Maira Kichigina, Deputy Chairman of Narodny Bank Kazakhstan Pension Fund.

05 June 2011

National Bank to issue new 10-thousand note Kazakhstan National Bank will issue a new 10-thousand note to commemorate 20th anniversary of Kazakhstan independence.

16 May 2011

Banks assets stand at $84.6 billion as of April 1 Total deposits grew 3.9% in March, making up $49.5 billion, with 67.8% being deposits of legal entities.

25 April 2011

News