Kazakhstan Daily News Roundup - November 25, 2009

HEADLINES:

Non-performing loans rise again in October - FSA
(SRI) - The share of non-performing loans in the Kazakh banking sector increased from 34.7 to 35.9 percent in October, according to data released by the Financial Supervision Agency (FSA).

Fitch downgrades Temirbank
(Fitch) - On 23 November, Fitch Ratings has downgraded Kazakhstan-based Temirbank’s Long-term Issuer Default Rating (IDR) to RD (Restricted Default) from CC, thereby resolving the Rating Watch Negative (RWN) on the rating.

Temirbank defaults on debt; seeks restructuring (SRI)

ENERGY:

Ten years to develop Kazakh Block N oil, gas - ConocoPhillips COO (Dow Jones)

BUSINESS AND ECONOMY:

Kazakhstan: Battle over flagship bank illustrates volatile mix of business and politics
(EurasiaNet) - The erstwhile flagship of Kazakhstan’s banking sector, BTA Bank, is wrapping up a turbulent year: embattled by the credit crunch, dogged by allegations of massive fraud, nationalized under duress and forced to default on its debts.

Customs Union with Russia offers access - Deputy Trade Minister (Dow Jones)

Russia, Belarus, Kazakhstan to seal Customs Union deal (RIA Novosti)

Kazakhstan exported nearly 3 mln tonnes of grains (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates November 24, 2009 (Kazakhstan Today)

Indicators - November 24, 2009 (Reuters)

POLITICS:

30 percent of Kazakh residents unaware of opposition consolidation (Interfax)

Kazakhstan to hold forum of OSCE NGO leaders in Astana (Interfax)

City dwellers still sympathize with the ruling party (Interfax)

Kazakhstan Business and Economy Roundup - November 25, 2009

Non-performing loans rise again in October - FSA (SRI)

Fitch downgrades Temirbank (Fitch)

Kazakhstan: Battle over flagship bank illustrates volatile mix of business and politics (EurasiaNet)

Customs Union with Russia offers access - Deputy Trade Minister (Dow Jones)

Russia, Belarus, Kazakhstan to seal Customs Union deal (RIA Novosti)

Kazakhstan exported nearly 3 mln tonnes of grains (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates November 24, 2009 (Kazakhstan Today)

Indicators - November 24, 2009 (Reuters)

Kazakhstan Energy Roundup - November 25, 2009

Ten years to develop Kazakh Block N oil, gas - ConocoPhillips COO (Dow Jones)

Kazakhstan Politics Roundup - November 25, 2009

30 percent of Kazakh residents unaware of opposition consolidation (Interfax)

Kazakhstan to hold forum of OSCE NGO leaders in Astana (Interfax)

City dwellers still sympathize with the ruling party (Interfax)

Non-performing loans rise again in October - FSA

(SRI) - The share of non-performing loans in the Kazakh banking sector increased from 34.7 to 35.9 percent in October, according to data released by the Financial Supervision Agency (FSA).

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