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$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.

16 апреля 2014

President Nursultan Nazarbayev on the country’s financial industry Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.

16 апреля 2014

Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.

15 апреля 2014

$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.

14 апреля 2014

President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.

11 апреля 2014

Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.

09 апреля 2014

Kazakhstan’s international reserves figure announced The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.

08 апреля 2014

Merger of pension funds to form a single entity complete in Kazakhstan Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.

31 марта 2014

Kazakhstan’s 2013 external debt figure grows from $136.922 billion to $148.753 billion The Central Bank elaborated that the debt of the country’s banking system decreased for the period by 17.5% down to $11.160 billion.

31 марта 2014

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.

23 марта 2014

Central Bank toughens requirements to borrowers Earlier Kazakhstan’s President Nursultan Nazarbayev commissioned banks’ heads to reduce the share of NPLs “in any possible ways” to 15% of their portfolio by 2015 and further to 10% by 2016.

06 марта 2014

We will not let Kazakhstan-based banks fail: President Nazarbayev President reminded that the National Fund had already played a crucial role to support the national economy against the backdrop of the global financial crisis.

21 февраля 2014

Damage dealt to Kazakh banks by SMS-campaign being calculated The Governor of Kazakhstan National Bank Kairat Kelimbetov has commented the mass SMS distribution about the bankruptcy of 3 banks of Kazakhstan.

20 февраля 2014

Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.

20 февраля 2014

Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.

18 февраля 2014

Single Pension Fund ensures safety of pension savings Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.

17 февраля 2014

Kazakhstan National Fund allocates $5.4 billion to support economy After the devaluation of tenge by 19% earlier this week, the National Fund of Kazakhstan decided to allocate $5.4 billion to support local business.

16 февраля 2014

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 февраля 2014

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 февраля 2014

Dedollarization of Kazakh mentality: Governor of National Bank The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

13 февраля 2014

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