Finance and Investment

18.07.2018

Balance of payments shows increased deficit

The updated data of the National Bank of Kazakhstan on the balance of payments for the first quarter of 2018 were six times worse than forecasted. In May, the preliminary estimate of the current account promised a small deficit of $95 million, 14 times less than the deficit of $1.4...

The updated data of the National Bank of Kazakhstan on the balance of payments for the first quarter of 2018 were six times worse than forecasted. In May, the preliminary estimate of the current account promised a small deficit of $95 million, 14 times less than the deficit of $1.4...

18.07.2018

Kazakhstan's subsidiary VTB reduced assets by 10.5% in H1

The assets of VTB Bank (Kazakhstan), a subsidiary of the Russian VTB, in January-June 2017 amounted to KZT136.97 billion in accordance with IFRS, the bank's press service said.

As of January 1, 2018, assets amounted to KZT 153,032 billion. Thus, the assets decreased by 10.5%.

According to the reports, the bank's liabilities...

The assets of VTB Bank (Kazakhstan), a subsidiary of the Russian VTB, in January-June 2017 amounted to KZT136.97 billion in accordance with IFRS, the bank's press service said.

As of January 1, 2018, assets amounted to KZT 153,032 billion. Thus, the assets decreased by 10.5%.

According to the reports, the bank's liabilities...

18.07.2018

Authorities of Kazakhstan preparing amendments to the law on the securities market before the IPO of national companies

The Ministry of National Economy of Kazakhstan together with the Samruk-Kazyna state fund is developing a package of amendments to the law "On the securities market" for the fund companies to enter the IPO, Minister of National Economy Timur Suleimenov said.

"The changes are aimed at removing legislative restrictions that impede...

The Ministry of National Economy of Kazakhstan together with the Samruk-Kazyna state fund is developing a package of amendments to the law "On the securities market" for the fund companies to enter the IPO, Minister of National Economy Timur Suleimenov said.

"The changes are aimed at removing legislative restrictions that impede...

18.07.2018

Second time lucky for Kazakhstan’s dream of becoming a regional financial hub?

The Astana International Finance Centre (AIFC), complete with a new Shanghai Stock Exchange (SSE) and Nasdaq-owned bourse, officially launched in Kazakhstan on July 5. Its founders hope the AIFC, which is modelled on Dubai’s International Financial Centre with its selling point being its legal regime based on English common law,...

The Astana International Finance Centre (AIFC), complete with a new Shanghai Stock Exchange (SSE) and Nasdaq-owned bourse, officially launched in Kazakhstan on July 5. Its founders hope the AIFC, which is modelled on Dubai’s International Financial Centre with its selling point being its legal regime based on English common law,...

18.07.2018

Depositors of national pension fund to receive pensions at the PSCs

With the introduction of a composite service pension payments from the Kazakhk national pension fund UAPF, pensioners will be able to receive at the one-stop-shop principle in the PSCs. This was told by Zhanara Tulegenova, Managing Director of UAPF.

"According to the principle of one window, persons who have reached the...

With the introduction of a composite service pension payments from the Kazakhk national pension fund UAPF, pensioners will be able to receive at the one-stop-shop principle in the PSCs. This was told by Zhanara Tulegenova, Managing Director of UAPF.

"According to the principle of one window, persons who have reached the...


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