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Kazakhstan Banking News. Service for global professionals. Constantly updated news and information about Kazakhstan.
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Latest Kazakhstan Banking News

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  • Kazakh Cbank to consider rate cuts in Q1 '10-Deputy 23 Nov 2009 22:33 GMT
    ... NEW YORK, Nov 23 - Kazakhstan's deputy central bank chairman said on Monday ... a barrel. Akishev said the country's commercial banks, which had borrowed aggressively abroad until mid-2007 only ...

  • UPDATE 1-Kazakh Cbank to consider rate cuts in Q1 '10-Deputy 23 Nov 2009 20:30 GMT
    ... NEW YORK, Nov 23 (Reuters) - Kazakhstan's deputy central bank chairman said on Monday ... a barrel. Akishev said the country's commercial banks, which had borrowed aggressively abroad until mid-2007 only ...

  • Kazakhstan: Battle over Flagship Bank Illustrates Volatile Mix of Business and Politics 24 Nov 2009 20:47 GMT
    ... KAZAKHSTAN: BATTLE OVER FLAGSHIP BANK ILLUSTRATES VOLATILE MIX ... AND POLITICS The erstwhile flagship of Kazakhstan's banking sector, BTA Bank, is wrapping up a turbulent ...

  • Floundering Kazakhstan Bank Burns Westerners 28 Nov 2009 02:31 GMT
    ... - In the last few years, big banks have found many surprising ways to lose ... more than $10 billion in loans into Kazakhstan's largest bank, Bank Turalem, as the large ... to the seizure that indicated extremely lax banking,” said Michael Carter, the chief executive of ...

  • Kazakh Bank Lost Billions In Western Investments 28 Nov 2009 02:51 GMT
    ... - In the last few years, big banks have found many surprising ways to lose ... more than $10 billion in loans into Kazakhstan's largest bank, Bank Turalem, as the large ... to the seizure that indicated extremely lax banking,” said Michael Carter, the chief executive of ...

  • KAZAKHSTAN: Kazakh Bank Lost Billions in Western Investments 29 Nov 2009 08:48 GMT
    ... loans. In the last few years, big banks have found many surprising ways to lose ... more than $10 billion in loans into Kazakhstan’s largest bank, Bank Turalem, as the large ... to the seizure that indicated extremely lax banking,” said Michael Carter, the chief executive of ...

  • After Kazakhstan Bank's Fall, Ex-Chairman Is Pursued 27 Nov 2009 21:12 GMT
    ... In the last few years, big banks have found many surprising ways to lose ... more than $10 billion in loans into Kazakhstan's largest bank, Bank Turalem, as the large ... to the seizure that indicated extremely lax banking,” said Michael Carter, the chief executive of ...

  • UPDATE 1-Leading Kazakh banks report 9-mo net profit drop 30 Nov 2009 11:52 GMT
    ... ALMATY, Nov 30 (Reuters) - Two leading Kazakh banks reported big drops in nine-month net profit ... effects of the global financial crisis. The banking sector in oil-rich Kazakhstan, central Asia's biggest ...

  • Mortgage Rates Hit Yearly Low 30 Nov 2009 09:11 GMT
    ... April 30th, a record low. Having borrowed mortgage money in the past for more than ... itself. We also have Bank Turalem — Kazakhstan’s largest bank — and it appears to ... overvalued assets on the books of big banks and Wall Street firms. When and if we ...

  • Kazakhstan economy may grow 3 pct in 2010-minister 24 Nov 2009 01:04 GMT
    ... NEW YORK, Nov 23 (Reuters) - Kazakhstan's energy-dependent economy could grow as much as ... year. Despite its energy riches, an overextended banking sector and the economy overall were hit ... on the size as well as the banks that will sell the issue will not ...

  • Kazak Newspaper Fights for Survival 27 Nov 2009 19:32 GMT
    ... No. 596, 27-Nov-09) A leading newspaper in Kazakstan, Respublika, says its future is threatened after ... affected by the global financial crisis. Most banks in Kazakstan were finding it increasingly difficult ... permanently undermining the bank’s image during the banking and financial crisis. Since the bank is ...

  • Kazakhstan pins hopes on $500m international bond 1 Dec 2009 17:50 GMT
    ... Back from brink: the Kazakhstan government spent $19bn shoring up the banking sector Kazakhstan is to issue its first ... particularly hard by the financial crisis. Domestic banks struggled to provide liquidity and confidence to ...

  • FTSE down 1.1 pct; oils, banks fall on Dubai woes 1 Dec 2009 11:35 GMT
    ... majors drop as demand outlook weakens * Banks fall; Dubai debt worries weigh * Miners ... potential exposure to Dubai's debt problems. Lloyds Banking Group was the top blue-chip faller, ... , BHP Billiton , Xstrata and Kazakhmys shedding 0.1 to 0.3 percent, while ...

  • Glance-FTSE down 1.1 pct; oils, banks fall on Dubai woes 30 Nov 2009 17:50 GMT
    ... back by weakness in oil majors and banks on lingering anxiety over the impact of ... potential exposure to Dubai's debt problems. Lloyds Banking Group was the top blue-chip faller, down ... Rio Tinto , BHP Billiton, Xstrata and Kazakhmys shedding 0.1 to 0.3 percent, while Anglo ...

  • FTSE slides 1.7 pct, pressured by banks, miners 26 Nov 2009 12:15 GMT
    ... * Banks under pressure; Dubai worries hit sentiment * ... session, with Barclays , HSBC , Lloyds Banking Group and Royal Bank of Scotland ... dropped. Anglo American AL.L>, Fresnillo and Kazakhmys and Lonmin shed 1.5 to ...


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