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Based on how quickly and orderly the Kazkommertsbank purchase by Halyk Bank is progressing, the deal is close to its completion which will, most likely, take place in the nearest time. As a result, a new super-bank will appear in the Kazakh financial sector, the bank that will own about two fifths of the assets, loan portfolio, and deposits of all the commercial banks in Kazakhstan.
National bank of Kazakhstan is ready to discuss the subject of transfer of pension funds into management of private companies. This has been announced once again by the chairman of the main bank of the country Daniyar Akishev. This time the announcement was voiced during an informal meeting with representatives of domestic media agencies in Almaty.
The Kazakhstanskaya Pravda newspaper has recently published a conceptual article of KazMunayGaz board Chairman Saunat Mynbayev called “From Optimization to Increasing Effectiveness and Transparency”. In it, the author outlines the company’s action plan for the next few years.
The Kazakhs’ confidence in the national currency is reviving and the dedollarization process is continuing, Deputy Chairman of the National Bank of Kazakhstan Alpysbay Akhmetov stated on June 12, 2017 when addressing the Finance and Budget Committee of the Parliament.
Completing the sale of 51% of the KMG International shares to the Chinese will de-facto enable KazMunayGaz to write off the biggest part of the gigantic Kazakh investments to this project (about 4 billion US dollars). For those who do not understand, we are talking about the infamous Rompetrol.
Sharp rise in recent months of the trade volume on the Kazakh market of foreign currency swaps is attracting the attention of analysts yet again. Recently National bank of Kazakhstan was forced to clarify on the subject.
