Finance and Investment

14.01.2019

National Bank of Kazakhstan reveals violations in the actions of insurance companies

In the fourth quarter of last year, following the consideration of appeals from consumers of financial services to companies, 8 sanctions and limited interventions were applied.

"The National Bank of Kazakhstan, following the results of the fourth quarter of 2018, regarding appeals and complaints from individuals and legal entities regarding the...

In the fourth quarter of last year, following the consideration of appeals from consumers of financial services to companies, 8 sanctions and limited interventions were applied.

"The National Bank of Kazakhstan, following the results of the fourth quarter of 2018, regarding appeals and complaints from individuals and legal entities regarding the...

14.01.2019

Kazakhstani businessmen become hostages of Tsesnabank

It seems that the problems of Tsesnabank have not been resolved. Despite multi-billion dollar support from the regulator, the financial institution continues to experience problems. Their hostages are bona fide entrepreneurs, whom the bank delays making payments and puts them on the verge of breaking contractual obligations.

They faced the first...

It seems that the problems of Tsesnabank have not been resolved. Despite multi-billion dollar support from the regulator, the financial institution continues to experience problems. Their hostages are bona fide entrepreneurs, whom the bank delays making payments and puts them on the verge of breaking contractual obligations.

They faced the first...

14.01.2019

Kazakh tenge settles at 376.30 per US dollar on January 11

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made KZT376.30 per US dollar at the trades volume of USD56,750 th.;

- on US dollar with settlements Т+0 and Т+2 in tenge no deals were made; at the session close quotes...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made KZT376.30 per US dollar at the trades volume of USD56,750 th.;

- on US dollar with settlements Т+0 and Т+2 in tenge no deals were made; at the session close quotes...

14.01.2019

Greenback posts non-sustained advance

The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.

"It seems like we're getting some model and stop-loss buying on the dollar...

The dollar rose against the euro on Friday, boosted by technical factors after the single currency hit key resistance levels, even as the greenback's outlook remained bleak amid cautious signals from the Federal Reserve about further rate hikes.

"It seems like we're getting some model and stop-loss buying on the dollar...

11.01.2019

Kazakh banks dominate national cash circulation

A currency depreciation in the order of 17 per cent last year and 25 per cent in the last two years has been accompanied by a more or less equal cash aggregate, according to recent data from the national statistics agency. Over two years up till November 1 2018 the...

A currency depreciation in the order of 17 per cent last year and 25 per cent in the last two years has been accompanied by a more or less equal cash aggregate, according to recent data from the national statistics agency. Over two years up till November 1 2018 the...


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