News and analysis from Kazakhstan - Mar 19th 2010
Archive for March 22nd, 2009
Tsesnabank sees crisis as opportunity
(bne) - Astana-based Tsesnabank hopes that the conservative strategy, adopted during the country’s recent credit boom, will allow it to benefit from the impact that the crisis is having on its larger rivals by increasing its market share.
Halyk Bank to issue USD120 million in domestic debt
(SRI) - Following the example of BTA Bank and Alliance , Halyk Bank announced last week that it plans to raise KZT17.775 billion (USD118.5 million) by issuing local bonds.
Kazakh SSGPO may cut iron ore production by 40 percent in 2009
(SRI) - Sokolov-Sarbai Mining Production Association (SSGPO), a subsidiary of the Eurasian Natural Resources Corporation and Kazakhstan’s biggest iron ore producer, plans to slash iron ore output 40 percent in 2009, Interfax reported.
© 2009 Silk Road Intelligencer. 
