IMF urges Kazakhstan to deal with bank debt restructuring, praises anti-crisis measures

(SRI) - The International Monetary Fund (IMF) welcomed Kazakhstan’s measures to combat the banking crisis and support the ailing economy but warned that a prompt resolution of the debt restructuring of BTA Bank and Alliance Bank was needed.

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Kazakhstan Daily News Roundup - July 29, 2009

HEADLINES:

IMF urges Kazakhstan to deal with bank debt restructuring, praises anti-crisis measures
(SRI) - The International Monetary Fund (IMF) welcomed Kazakhstan’s measures to combat the banking crisis and support the ailing economy but warned that a prompt resolution of the debt restructuring of BTA Bank and Alliance Bank was needed.

Eurasian Bank assets up 30 percent in first half of 2009
(SRI) - Eurasian Bank said on Tuesday its assets grew 29.7 percent to KZT352.807 billion ($2.35 billion) in the first six months of 2009 while its net income fell 81 percent to KZT163 million ($1.1 million) compared to the first half of 2008.

Human rights activist involved in tragic accident
(SRI) - Kazakhstan’s renowned human rights activist Evgeniy Zhovtis was reportedly involved in a traffic accident outside of Almaty which resulted in the death of a pedestrian, Kazakhstan’s media reported.

ENERGY:

KMG EP output down 3.8 percent in first six months (SRI)

BUSINESS AND ECONOMY:

FSA approves Alliance Bank restructuring (SRI)

Samruk-Kazyna transfers KAZNEX to Industry Ministry in return for a higher stake in Mortgage Loan Guarantee Fund (Interfax)

Foreign currency exchange rates fixed by National Bank (Kazakhstan Today)

Indicators - July 29, 2009 (Reuters)

SOCIETY:

Jailed Kazakh uranium chief’s wife not cooperating (RFE/RL)

Almaty Lawyers Board objects to KNB’s revoking license of Djakishev’s attorney (Interfax)

Kazakhstan Society Roundup - July 29, 2009

Human rights activist involved in tragic accident (SRI)

Jailed Kazakh uranium chief’s wife not cooperating (RFE/RL)

Almaty Lawyers Board objects to KNB’s revoking license of Djakishev’s attorney (Interfax)

Kazakhstan Energy Roundup - July 29, 2009

KMG EP output down 3.8 percent in first six months (SRI)

Kazakhstan Business and Economy Roundup - July 29, 2009

IMF urges Kazakhstan to deal with bank debt restructuring, praises anti-crisis measures (SRI)

Eurasian Bank assets up 30 percent in first half of 2009 (SRI)

FSA approves Alliance Bank restructuring (SRI)

Samruk-Kazyna transfers KAZNEX to Industry Ministry in return for a higher stake in Mortgage Loan Guarantee Fund (Interfax)

Foreign currency exchange rates fixed by National Bank (Kazakhstan Today)

Indicators - July 29, 2009 (Reuters)

FSA approves Alliance Bank restructuring

(SRI) - As expected, the Financial Supervision Agency (FSA) has approved the debt restructuring agreement between Alliance Bank and its creditors, the financial regulator said in a press release on Tuesday.

(more…)

Eurasian Bank assets up 30 percent in first half of 2009

(SRI) - Eurasian Bank said on Tuesday its assets grew 29.7 percent to KZT352.807 billion ($2.35 billion) in the first six months of 2009 while its net income fell 81 percent to KZT163 million ($1.1 million) compared to the first half of 2008.

(more…)

Human rights activist involved in tragic accident

(SRI) - Kazakhstan’s renowned human rights activist Evgeniy Zhovtis was reportedly involved in a traffic accident outside of Almaty which resulted in the death of a pedestrian, Kazakhstan’s media reported.
(more…)