Kazakhstan Business and Economy Roundup - June 26, 2008

business and economy

Kazakhstan Business and Economy Roundup - June 26, 2008

By SRI ⋅ June 26, 2008 ⋅

Kazakhstan Alliance Bank Q1 2008 net halves
(Reuters) - Kazakhstan’s Alliance Bank said on Wednesday its first-quarter net profit fell to $35 million from $66.5 million in the same period of 2007.

Nurbank boosts capital by 24 percent
Nurbank, the 9th biggest bank in Kazakhstan, has raised its charter capital by 6.5 billion tenge ($54 million) to 33.6 billion tenge ($280 million), according to a press release issued on Wednesday.

Kazakhstan to introduce state monopoly on caviar sales
(RIA Novosti) - The lower house of the Kazakh parliament has approved in its first reading a bill to introduce a state monopoly on caviar production and sales, the parliamentary press service said on Wednesday.

National Bank cuts refinancing rate by 10.5% on July 1
(Interfax) - The National Bank of Kazakhstan has reduced the refinancing rate starting from July 1 to 10.5%.

Joint statement on Kazakh-American public-private economic partnership (Kazinform)

National Bank of Kazakhstan: Exchange rates June 26, 2008 (Kazinform)

Indicators - June 26, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.