Kazakhstan-China Pipeline (KCP), which operates the Atasu-Alashankou and Kenkiyak-Kumkol oil pipelines, reported a 26% decline in net profit in 2025, according to its financial statements. The company’s net profit fell to 27 billion tenge (approximately $52 million) from 36.5 billion tenge a year earlier. Revenue declined 13.3%, from 87.9 billion…
The overpayment on a 3 million tenge (about $6,500) loan from Zaman Bank for five years is 3.62 million tenge, according to a Threads user named nur.kanatuly.kz. «Islamic Bank Zaman-Bank JSC. Islamic finance. Just for fun, I calculated it in their mobile app: Loan amount: 3 million tenge. Interest on…
Kazakh company Esil-Mining plans to begin producing approximately 1 million tons of wolframite ore annually at the Aksoran deposit in the Aiyrtau district of North Kazakhstan region by 2028, Qazba.kz reports, citing the company’s Potential Impact Report (PIR) based on an updated mining plan. The sole owner of Esil-Mining is…
KazMunayGas Karachaganak, a wholly owned subsidiary of Kazakhstan’s national oil and gas company KazMunayGas (KMG), plans to reduce capital expenditures on the Karachaganak project by nearly threefold in 2027, to 10.9 billion tenge (about $23 million) from 29.96 billion tenge. The plans are outlined in the company’s financial statements. The…
The Development Bank of Kazakhstan (DBK) is exploring financing options for building and opening a Lotte hotel in Almaty. The bank has reported that the tourism project is now in the document-collection phase ahead of its initial review. Project ownership The project’s borrower is Sensata Invest. The company is jointly…
Nearly a year after receiving its banking license, KMF Bank reported a decline in profit on the Kazakhstan Stock Exchange (KASE). In the first half of 2026, the financial institution posted net profit of 4.3 billion tenge (approximately $9 million), down from 4.7 billion tenge a year earlier. According to…
At the beginning of the third quarter, Kazakhstan’s services sector Purchasing Managers’ Index (PMI) rose to 54.1, reaching its highest level in 13 months. Despite a significant increase in new orders, the sector recorded a slowdown in business expectations and continued job cuts. Activity trends and demand factors According to…
Kazakhstan’s first licensed cryptocurrency exchange, Pax Finance, has announced its integration with the mobile app of Alatau City Bank, which is owned by the country’s richest businessman, Vyacheslav Kim. The integration allows the bank’s clients to fund their Pax Finance accounts directly from their bank cards through the banking app.…
Kazakhstan’s total public and publicly guaranteed debt reached 40.9 trillion tenge (approximately $86 billion) as of July 1, 2026. During the second quarter, the total increased by 1.84 trillion tenge, or 4.7%. Public and publicly guaranteed debt stood at 39.1 trillion tenge as of April 1, according to the Ministry…
U.K.-based Ferro-Alloy Resources, which is developing the Balasausqandiq vanadium deposit in Kazakhstan’s Kyzylorda region, has submitted applications for funding from U.S. government agencies and has begun exploring the extraction of the rare earth element yttrium as a potential byproduct. The company disclosed the plans in a strategic update published on…
State-guaranteed deposits at Kazakhstani banks undergoing resolution with support from shareholders and, where applicable, the government will remain fully protected, according to Dauren Salimbayev, deputy chairman of the Agency for Regulation and Development of the Financial Market (ARDFM). Salimbayev outlined the country’s proposed framework for resolving insolvent banks during a…
China and Kazakhstan are expanding cooperation in the financial sector. Representatives of Kazakhstan’s National Bank, Agency for Regulation and Development of the Financial Market (ARDFM) and National Payment Corporation of Kazakhstan held a series of meetings with representatives of the People’s Bank of China, the National Financial Regulatory Administration, the…
In July 2026, the Purchasing Managers’ Index (PMI) for Kazakhstan’s manufacturing sector by Freedom Holding Corp. fell to 47, marking the sharpest deterioration in business conditions since March 2022. The key factors behind the production downturn were a shortage of new orders, working capital problems and logistics disruptions. In July,…
In the opening six months of 2026, retail deposit volumes in Kazakh banks exceeded 30 trillion tenge, equivalent to nearly $64 billion, for the first time on record. Against that backdrop, the Kazakhstan Deposit Insurance Fund (KDIF) increased its special reserve by 10% to 1.73 trillion tenge. The KDIF reported…
Freedom Holding Corp. has completed the acquisition of a Turkish bank. On July 31, 2026, the transfer of a controlling stake in Turkish Bank A.Ş. to Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom Holding Corp., was completed. The financial institution has changed its name to Freedom Bank A.Ş., and…
Freedom Finance Global has announced its results for the first quarter of fiscal year 2027 (from April 1 to June 30, 2026). During the reporting period, the company generated $227.90 million in revenue, a significant increase from $136.06 million in the same period a year earlier. During the first quarter,…
Lotte Rakhat plans to expand its exports to the Persian Gulf and Caucasus, Chairman Akhmed Akhrarov said. «Currently, Lotte Rakhat products are supplied to Russia, Central Asian countries, China, Mongolia, Afghanistan and Germany. We continue to expand our sales geography while exploring new promising markets, including the Persian Gulf and…
KMG International, a subsidiary of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, reported a profit of $87 million in the first six months of 2026, compared with a $6 million loss in the same period of 2025, KMG reported. Consolidated EBITDA reached $203 million, up 40% year over year,…
Scammers in the crypto industry are increasingly using a scheme known as a «honeypot,» which allows investors to easily purchase a token but makes it impossible to sell, Binance Kazakhstan told Kursiv.media. As a result, the asset’s value appears to rise on the investor’s screen, but the investor can no…
In terms of assets, Kazakhstan’s banking sector is larger than those of all Eurasian Economic Union (EEU) member states except Russia. Kazakh banks have 10 times the assets of banks in Kyrgyzstan and 2.5 times those of banks in Belarus, according to EEU data. The total assets of Kazakhstan’s banks…
Negotiations to sell Brazilian mining company Bahia Mineração (Bamin), part of Kazakh mining group Eurasian Resources Group (ERG), to Portugal’s Mota-Engil are in the final stages. An agreement could be signed within the next few weeks, according to BNamericas. Read also: China enters talks for Kazakhstan’s stalled Brazilian mega-project. The…
Kazakhstan-based Resurs 2018 plans to develop the Bayan tungsten deposit in the Aiyrtau district of the North Kazakhstan region, with production of up to 1 million tons of tungsten ore per year expected to begin in 2027. The project’s ultimate beneficial owners include several individuals, including Mukadaskhan Ibragimova and billionaire…
British oil and gas company Nostrum Oil & Gas announced on the Astana International Exchange (AIX) that it is in talks to sell its Kazakhstan business, with all of the company’s assets located in the country. The company said it has received interest from a potential buyer. According to Nostrum…
Nine industry-specific and 20 regional atlases of emerging professions have been compiled in Kazakhstan, Sayasat Nurbek, minister of science and higher education, said at a recent government meeting. The updated industry atlases for mechanical engineering and logistics, along with those for the Kostanay and Karaganda regions, for the first time…
