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Banks & Finance

August 18, 2020

World’s Largest Hedge Fund Ramps up Investments in Gold

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Steve Bidmead / Pixabay

In the second quarter of 2020

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August 14, 2020

COVID-19 Changes Everything Except Interest in Insurance

Ирина Ледовских

Ирина Ледовских

i.ledovskih@kursiv.kz
Photo: Ophelia Zhakayeva

Kursiv reviewed what types of voluntary insurance are most popular during the pandemic

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August 12, 2020

Kazakhstani National Companies Support Tenge by Their Earnings

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Kursiv.kz

Since the end of March, hundreds of millions of dollars were spent for this purpose

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August 11, 2020

National Bank Increases Its Gold and Foreign Currency Reserves

Photo: Shutterstock

Due to soaring gold prices, the bank's reserves have risen in July by $2.4 billion

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August 10, 2020

Kazakhstani National Pension Fund Opposes Idea to Use Its Money amid Crisis

Photo: Kursiv.kz

Pension money can’t be used to cover emergency costs by state, the fund states

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August 7, 2020

What Kassa Nova Will Look Like After Joining Freedom Finance

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: kursiv.kz

The bank will operate as custody services provider

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August 4, 2020

Freedom Holding Corp. Acquires the Kassa Nova Bank

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Kursiv.kz

Closing of the deal is expected by the end of the year

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July 30, 2020

UN Proposes That Kazakhstan Introduces Basic Income due to COVID-19

Photo: Askar Akhmetullin

The proposal also concerns other developing countries

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July 29, 2020

Kazakhstani Finance Ministry Raises 11 Billion Tenge at KASE

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Askar Akhmetullin

More than half of one-year bonds were bought out by Kazakhstani banks

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July 24, 2020

Halyk Bank Shareholders Have Decided to Make Dividend Payouts

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Kursiv.kz

The payments will be made by using retained net income for previous years

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July 23, 2020

Shares of Halyk Bank Slide Down Shortly Before Dividend Payments

Динара Бекмагамбетова

Динара Бекмагамбетова

Photo: Oleg Spivak

This is a common situation when book is closing, analytics says

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July 21, 2020

National Bank of Kazakhstan Cuts Base Rate to 9%

Photo: Askar Akhmetullin

The regulator has also narrowed interest rate collar to +/- 1.5 p.p.

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June 9, 2020

Kazakhstan Provides Economy with More Than $500 Million in Loans

Photo: Askar Akhmetullin

Long-term loans dominate, short-term loans shrink

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June 6, 2020

Russia Wants to Ban Cryptocurrency

Аскар Ибраев

Аскар Ибраев

Photo: Pixabay

What the consequences might be for this market in Kazakhstan

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May 14, 2020

The State Plans to Shrink Its Stake in the Uzbekistani Banking Sector

Жамолиддин Турдимов

Жамолиддин Турдимов

Photo: Shutterstock

Shares in six commercial banks should be sold out

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April 21, 2020

World Central Banks Rescue Stock Markets

Aygul Ibrayeva

Aygul Ibrayeva

a.ibraeva@kursiv.kz
Photo: Shutterstock

Kazakhstan’s regulator adopts best practices. However, investors want the agency to go further

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April 16, 2020

Kazakhstan’s National Bank Moves to Nur-Sultan

Photo: Askar Akhmetullin

The agency is obliged to change its location by July 1

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April 9, 2020

“When a Crisis Hits an Economy Modest Devaluation Is Good”

Photo: Shutterstock

A EBDR representative in Central Asian shared his opinion about the Kazakhstani economy

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April 7, 2020

World Bank Will Support Uzbekistan’s Anti-Crisis Program

Vadim Erzikov

Vadim Erzikov

Deputy Editor-in-Chief v.erzikov@kursiv.media
Photo: Mohamed Hassan / Pixabay

Provided funds will be spent on health and social security

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April 2, 2020

Kazakhstan Faces Recession

Zhanbolat Mamyshev

Zhanbolat Mamyshev

Senior Journalist of the Business News department zh.mamyshev@kursiv.media
Ruslan Dalenov, Minister of the National Economy, Kazakhstan. Photo: Askar Akhmetullin

Due to lower oil prices, the country’s GDP is expected to lose 0.9% in growth

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March 31, 2020

Uzbekistani Government Sells Huge Part of its Businesses to the Private Sector

Pavel Nosachev

Pavel Nosachev

Special correspondent for international markets
Photo: Shutterstock/MehmetO.

Investors will have a chance to purchase a share in more than one thousand government-owned companies

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March 30, 2020

What Kazakhstan Must Do to Save Its Foreign Currency and Gold Reserves

Timur Turlov

Timur Turlov

CEO and majority stakeholder in Freedom Holding Corp.
Photo: Oleg Spivak

The investors' trust in the country’s economy might be helpful, said Timur Turlov, CEO of the Freedom Holding Corp.

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March 26, 2020

ADB Will Assist Kazakhstan to Fight Coronavirus

Photo: Shutterstock

Asian Development Bank is ready to provide help with equipment and training

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March 20, 2020

Uzbekistan Allocates One Billion Dollars to Establish Anti-crisis Fund

Жамолиддин Турдимов

Жамолиддин Турдимов

Photo: Mehaniq/Shutterstock

This step is aimed to support national economy during turbulence on markets

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