site.news_by_theme National Fund
NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings
As of the end of 2013, the share of NPLs throughout the country’s banking sector stood at 31.2%. According to Fitch Ratings, in February the indicator grew to 33%.
02 April 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 March 2014
$1 billion to support small and middle-sized businesses in Kazakhstan
February 14 Kazakhstan’s President Nursultan Nazarbayev instructed his Cabinet to allocate $5.4 billion out of the National Oil Fund [accumulating oil windfall revenues] in 2014-2015 as “long money” for the country’s economy.
20 February 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 February 2014
Kazakhstan’s President meets Central Bank Governor
The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues], increased by 7.4% since the start of the year, reaching $92.4 billion: Central Bank Governor.
21 November 2013
Kazakhstan to start investing its National Oil Fund assets into its own economy starting from 2014
The annual transfer [to complement the country’s budget] from the National Oil Fund will make up about $9 billion.
12 September 2013
Assets of the National Oil Fund to exceed $122 billion by 2016
A transfer of $980.3 million will be made in 2014 out of the National Oil Fund to finance prep works for EXPO-2017 to be held in Astana.
28 August 2013
Kazakhstan’s Government mulling a Eurobond issue
The country’s international reserves grew 4.1% in the H1 2013, reaching $89.6 billion: Minister of Economic Affairs.
23 July 2013
Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan
The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.
14 May 2013
Kazakhstan’s President prohibits use of the National Oil Fund’s assets to finance banks
Second-tier banks have a lot of other opportunities and tools to raise money and other reserves to turn to: Nursultan Nazarbayev.
12 April 2013
Kazakhstan's Q1 gold and FX reserves announced
The National Oil Fund’s assets as of April 1, 2013 stood at $59.806, 3.53% up against the start of the year.
05 April 2013
Has the $10 billion out of the National Fund truly gone to nowhere?
Kazakhstan’s Economic Affairs Minister comments on President Nazarbayev’s remarks over the $10 billion allocated to combat the financial crisis.
25 January 2013
$10 billion out of the National Oil Fund has gone to nowhere: President Nazarbayev
“It’s easy to ask for money out of the National Oil Fund. The $ 10 billion allocated to combat the financial crisis is gone. There is no pay-off”, he said.
24 January 2013
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’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’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
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
President suggests using the National Oil Fund to support S&MBs
The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.
22 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