Finance and Investment

19.10.2017

Foreign banks to enter Kazakhstan's financial market

Starting December 2020, foreign banks and insurance organizations will be allowed to open branches in Kazakhstan, Kazinform refers to the press service of the country's National Bank.

On Wednesday, the chairman of the National Bank of Kazakhstan, Daniyar Akishev, told journalists that the country's accession to the World Trade Organization opens...

Starting December 2020, foreign banks and insurance organizations will be allowed to open branches in Kazakhstan, Kazinform refers to the press service of the country's National Bank.

On Wednesday, the chairman of the National Bank of Kazakhstan, Daniyar Akishev, told journalists that the country's accession to the World Trade Organization opens...

19.10.2017

Kazakh National Bank developing law to strengthen control over second tier banks

The National Bank is developing a document that strengthens the controlling function over second-tier banks. This was announced on the sidelines of the Parliament by the chairman of the National Bank Daniyar Akishev, correspondent of Kazpravda.kz reports.

According to him, the National Bank should be entitled, first of all, for risk-oriented...

The National Bank is developing a document that strengthens the controlling function over second-tier banks. This was announced on the sidelines of the Parliament by the chairman of the National Bank Daniyar Akishev, correspondent of Kazpravda.kz reports.

According to him, the National Bank should be entitled, first of all, for risk-oriented...

19.10.2017

Kazakh National Bank approves $1.2 bln assistance for 4 banks

Kazakhstan's central bank, which launched a support programme for the banking sector last month, has approved an assistance package worth 410 billion tenge ($1.229 billion) for four local banks, the regulator said in a statement on Wednesday.

These four banks are mid-sized lenders ATF Bank, Eurasian Bank, Tsesna Bank and Bank...

Kazakhstan's central bank, which launched a support programme for the banking sector last month, has approved an assistance package worth 410 billion tenge ($1.229 billion) for four local banks, the regulator said in a statement on Wednesday.

These four banks are mid-sized lenders ATF Bank, Eurasian Bank, Tsesna Bank and Bank...

19.10.2017

Bank CenterCredit intends to get support from the National Bank

Shareholders of Bank CenterCredit (BCC) made the decision to participate in the programme to increase the financial stability of the banking sector of the RK, Kapital’s business desk reports with reference to the minutes of the bank’s board’s extraordinary general meeting as published by KASE.

The programme to improve the financial...

Shareholders of Bank CenterCredit (BCC) made the decision to participate in the programme to increase the financial stability of the banking sector of the RK, Kapital’s business desk reports with reference to the minutes of the bank’s board’s extraordinary general meeting as published by KASE.

The programme to improve the financial...

19.10.2017

Deputies: on what is the Baiterek National Management Holding going to spend 52 billion tenge?

Kazakh MPs have voiced their concerns regarding the intended use of state budget funds allocated to the Baiterek national holding company. On Wednesday at a plenary meeting, considering the draft law on the republican budget for 2018-2020 MP Meiram Pshembaev raised the issue of the holding’s financing.

"According to the three-year...

Kazakh MPs have voiced their concerns regarding the intended use of state budget funds allocated to the Baiterek national holding company. On Wednesday at a plenary meeting, considering the draft law on the republican budget for 2018-2020 MP Meiram Pshembaev raised the issue of the holding’s financing.

"According to the three-year...


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