Kazakhstan Energy Roundup - July 24, 2009

KMG becomes sole shareholder of KazMorTransFlot (SRI)

Kazakhstan Daily News Roundup - July 24, 2009

HEADLINES:

Non-performing loans rise in June - FSA
(SRI) - Kazakhstan’s banking sector continues to face deteriorating asset quality with non-performing loans amounting for 30.8 percent of all loans.

Alliance Bank lends $110 million to Kazakh builder
(SRI) - Alliance Bank said on Thursday it signed a credit agreement with the Ait Housing Complex construction company to lend the builder KZT16.5 billion ($110 million) to complete the Axelkent construction project in Almaty.

Watching and waiting in Kazakhstan’s crisis-hit banking sector (bne)

ENERGY:

KMG becomes sole shareholder of KazMorTransFlot (SRI)

BUSINESS AND ECONOMY:

Reshuffle at BTA Bank (SRI)

KMG Eurobond issue rating affirmed at BBB-, Fitch (SRI)

Kazakh PM met with IMF reps (Kazinform)

SOCIETY:

Kazakhstan reports first H1N1 cases (Reuters)

REGIONAL:

Central Asia: Northern Distribution Network for Afghanistan hits snags (EurasiaNet)

Kyrgyzstan’s Bakiyev set for re-election (AFP)

Opposition pulls out of Kyrgyz presidential vote (AP)

Kazakhstan Society Roundup - July 24, 2009

Kazakhstan reports first H1N1 cases (Reuters)

Kazakhstan Business and Economy Roundup - July 24, 2009

Non-performing loans rise in June - FSA (SRI)

Alliance Bank lends $110 million to Kazakh builder (SRI)

Reshuffle at BTA Bank (SRI)

KMG Eurobond issue rating affirmed at BBB-, Fitch (SRI)

Kazakh PM met with IMF reps (Kazinform)

Reshuffle at BTA Bank

(SRI) - BTA Bank said on Thursday its Board of Directors elected Malik Mukhametkaliev the new Deputy Chairman of the bank, effective July 10, 2009.

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KMG Eurobond issue rating affirmed at BBB-, Fitch

(SRI) - Fitch Ratings has affirmed the BBB- rating for a $1.25-billion Eurobond raised by KazMunaiGas Finance Sub BV last week .

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Non-performing loans rise in June - FSA

(SRI) - Kazakhstan’s banking sector continues to face deteriorating asset quality with non-performing loans amounting for 30.8 percent of all loans, the Financial Supervision Agency (FSA) showed in its most recent report on asset quality of Kazakh banks.

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KMG becomes sole shareholder of KazMorTransFlot

(SRI) - KazMunaiGas (KMG) said on Wednesday it has completed the acquisition of a 50-percent stake in Kazmortransflot, which had been owned by the state holding and investment company Samruk-Kazyna.

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Kazakhstan Regional News Roundup - July 24, 2009

Central Asia: Northern Distribution Network for Afghanistan hits snags (EurasiaNet)

Kyrgyzstan’s Bakiyev set for re-election (AFP)

Opposition pulls out of Kyrgyz presidential vote (AP)

Kyrgyzstan’s Bakiyev set for re-election

(AFP) - Ex-Soviet Kyrgyzstan went to the polls in a presidential election Thursday amid opposition claims that the government was committing massive fraud to keep President Kurmanbek Bakiyev in power.
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