Central Bank of China Pours $101 Billion into Banking System via MFL
The rate for one-year loans was not changed
Banks & Finance
World’s Largest Hedge Fund Ramps up Investments in Gold
In the second quarter of 2020
COVID-19 Changes Everything Except Interest in Insurance
Kursiv reviewed what types of voluntary insurance are most popular during the pandemic
Kazakhstani National Companies Support Tenge by Their Earnings
Since the end of March, hundreds of millions of dollars were spent for this purpose
National Bank Increases Its Gold and Foreign Currency Reserves
Due to soaring gold prices, the bank's reserves have risen in July by $2.4 billion
Kazakhstani National Pension Fund Opposes Idea to Use Its Money amid Crisis
Pension money can’t be used to cover emergency costs by state, the fund states
What Kassa Nova Will Look Like After Joining Freedom Finance
The bank will operate as custody services provider
Freedom Holding Corp. Acquires the Kassa Nova Bank
Closing of the deal is expected by the end of the year
UN Proposes That Kazakhstan Introduces Basic Income due to COVID-19
The proposal also concerns other developing countries
Kazakhstani Finance Ministry Raises 11 Billion Tenge at KASE
More than half of one-year bonds were bought out by Kazakhstani banks
Halyk Bank Shareholders Have Decided to Make Dividend Payouts
The payments will be made by using retained net income for previous years
Shares of Halyk Bank Slide Down Shortly Before Dividend Payments
This is a common situation when book is closing, analytics says
National Bank of Kazakhstan Cuts Base Rate to 9%
The regulator has also narrowed interest rate collar to +/- 1.5 p.p.
Kazakhstan Provides Economy with More Than $500 Million in Loans
Long-term loans dominate, short-term loans shrink
Russia Wants to Ban Cryptocurrency
What the consequences might be for this market in Kazakhstan
The State Plans to Shrink Its Stake in the Uzbekistani Banking Sector
Shares in six commercial banks should be sold out
World Central Banks Rescue Stock Markets
Kazakhstan’s regulator adopts best practices. However, investors want the agency to go further
Kazakhstan’s National Bank Moves to Nur-Sultan
The agency is obliged to change its location by July 1
“When a Crisis Hits an Economy Modest Devaluation Is Good”
A EBDR representative in Central Asian shared his opinion about the Kazakhstani economy
World Bank Will Support Uzbekistan’s Anti-Crisis Program
Provided funds will be spent on health and social security
Kazakhstan Faces Recession
Due to lower oil prices, the country’s GDP is expected to lose 0.9% in growth
Uzbekistani Government Sells Huge Part of its Businesses to the Private Sector
Investors will have a chance to purchase a share in more than one thousand government-owned companies
What Kazakhstan Must Do to Save Its Foreign Currency and Gold Reserves
The investors' trust in the country’s economy might be helpful, said Timur Turlov, CEO of the Freedom Holding Corp.
ADB Will Assist Kazakhstan to Fight Coronavirus
Asian Development Bank is ready to provide help with equipment and training