Archive for September 1st, 2008
Halyk borrows $300 million
(SRI) - Kazakhstan’s third largest bank, Halyk, has signed a $300 million, one-year syndicated term loan, Reuters reported on Friday. According to the arranging banks, the loan was increased from $200 million after an oversubscription.
Zhaikmunai income up in first half of 2008
(SRI) - Kazakh LSE-listed oil producer Zhaikmunai said on Friday its net income rose 22 percent year-on-year in the first half of 2008 to $17.6 million, thanks to higher oil price and growing output.
VTB to open subsidiary in Kazakhstan
(SRI) - Vneshtorgbank (VTB), Russia’s second largest bank, has received permission from the Kazakh financial regulator to establish operations in the country, the chair of the Financial Supervision Agency said on Friday.
Kazakhstan may join the final stage of Odessa-Brody pipeline project
(SRI) - Kazakhstan may commit to participating in the Odessa - Bordy oil pipeline to Plotsk provided Ukraine produces a feasibility study for the project, Interfax reported on Friday.
Stock indices: Uneasy start
Over the first four months of 2008, Kazakhstan Stock Exchange (KASE) transactions totalled $79,747.8 million or 9,606.6 billion tenge. This amount comprises transactions at all sectors, including transactions on the special trading floor of Almaty’s Regional Financial Center (RFCA).
