On May 29th of 2017 an announcement of another unplanned stockholders meeting appeared on AO Kazakommercbank’s website. From the body of this announcement it follows that on June 30th 2017 only one issue will be examined – an issue of voluntary ending of listing on the London stock exchange of depositary receipts, a base asset like regular stocks, issues by AO Kazkommercbank.
OPEC countries’ prolonging of agreement on limiting of oil extraction for another 9 months likely wont help to substantially decrease the surplus of “black gold at the world market. Due to this Russian analysts forecast some lowering of prices on oil and strengthening of dollar against ruble and tenge.
World Bank’s report on the state of Kazakhstani economy and forecasts on its development has received good press coverage – many print and internet sources has talked of its main ideas. However, that was the end of it – no reaction from Akorda, the government or separate governmental entities followed.
The Kazakh internal political process has one distinctive feature. There exist the unpredictable stress points that attract society’s attention and turn the problems into very sensitive issues that demand an immediate reaction from the government.
News that Unified Accumulative Fund of Kazakhstan has invested 71.3 bil. tenge into bonds of International bank of Azerbaijan, which at present has serious problems, literally shocked the participants of the financial markets and the experts. What is it – foolishness, professionalism or coruption? And is there a chance to get this money back?
In her Forbes.kz interview, Umut Shayakhmetov, the chairman of Halyk Bank, disclosed the information that can “torpedo” the current albeit unsteady stability not only of the bank sector but of the domestic policy as well.