(bne) – Astana Finance is struggling to reach a debt restructuring deal with creditors after Kazakhstan’s sovereign wealth fund Samruk-Kazyna pulled the plug on extra financing for the troubled firm.
Kazakhstan Alliance Bank Q1 2008 net halves
(Reuters) – Kazakhstan’s Alliance Bank said on Wednesday its first-quarter net profit fell to $35 million from $66.5 million in the same period of 2007.
Nurbank boosts capital by 24 percent
Nurbank, the 9th biggest bank in Kazakhstan, has raised its charter capital by 6.5 billion tenge ($54 million) to 33.6 billion tenge ($280 million), according to a press release issued on Wednesday.
Kazakhstan to introduce state monopoly on caviar sales
(RIA Novosti) – The lower house of the Kazakh parliament has approved in its first reading a bill to introduce a state monopoly on caviar production and sales, the parliamentary press service said on Wednesday.
National Bank cuts refinancing rate by 10.5% on July 1
(Interfax) – The National Bank of Kazakhstan has reduced the refinancing rate starting from July 1 to 10.5%.
Indicators – June 26, 2008
(Reuters) – Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.