site.news_by_theme National Bank
Kazakhstan announces its international reserves figure
The gold and FX reserves of the Central Bank grew by 7.1% to reach $26.471 billion from January to June 2014, with the assets of the National Oil Fund growing by 8.21% to reach $76.607 billion.
10 July 2014
Samruk-Kazyna withdraws from Temirbank
Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.
07 July 2014
No deficit of tenge bills in Kazakhstan: Kelimbetov
Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.
06 June 2014
Central Bank Governor on possible second wave of currency devaluation
Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.
02 June 2014
Central Bank Governor on Kazakhstan-based banks
According to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.
13 May 2014
Kazakhstan is concerned over possible widened economic sanctions against Russia
Russia might face a zero economic growth this year. It’s no good news for us as the two economies are interdependent to a great extent: Kazakhstan’s Central Bank Governor.
13 May 2014
Legitimization of assets to bring billions: Kelimbetov
Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.
12 May 2014
Kazakhstan 1000 tenge banknote named best in the world
Kazakhstan banknote of 1000 tenge has been acknowledged The Banknote of the Year by the International Banknote Society (IBNS).
08 May 2014
Kazakh central bank grants Rakishev permission to purchase BTA Bank
Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
02 May 2014
Kazakhstan to halve its banks in 5 years: opinions
Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.
29 April 2014
Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov
The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.
18 April 2014
Central Bank to raise requirements to banks tenfold by 2020
Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.
17 April 2014
$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 April 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 April 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 April 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 April 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 April 2014
Kazakhstani banks reduce external debt by $2.4 billion
Kazakhstani banks have reduced their external debt by $2.4billion.
09 April 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 April 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 March 2014