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ALMATY (TCA) — Competition on the credit market in Kazakhstan is falling as 10 largest banks continue to account for over 80% of the market. However, Kazakhstan’s credit system is more competitive than in its Eurasian Economic Union partners — Russia and Belarus, Ranking.kz reports. Continue reading
TASHKENT (TCA) — The trust of foreign investors in the banks of Uzbekistan will be strengthened and the latter’s credibility in the international financial markets will grow. To a large extent, this will be facilitated by the stable outlook awarded to them by Moody’s for the seventh time, Uzbekistan’s official Jahon information agency reports with reference to the rating agency. Continue reading
DUSHANBE (TCA) — As Tajikistan, the poorest among Central Asian post-Soviet republics, badly needs investments, including foreign ones, to develop its economy, we are republishing this article originally published by EurasiaNet.org: Continue reading
ASTANA (TCA) — In June 2016 the total volume of loans issued by the banking sector to the economy of Kazakhstan had reached KZT 12.5 trillion. However, despite a remarkable fall in new loans in January 2016 the total volume of new loans was up by 6.8 percent year on year in the first six months of 2016, Ranking.kz reports. Continue reading
TASHKENT (TCA) — Moody’s Investors Service is maintaining its stable outlook on the Uzbek banking system, reflecting its expectation that operating conditions for Uzbekistan’s banks will stay accommodative, Uzbekistan’s official information agency Jahon reported citing Moody’s. Continue reading
ALMATY (TCA) — From the beginning of this year, deposits in the national currency, the tenge, in Kazakhstan banks have increased by 43.8 percent while foreign-currency deposits have decreased by 12 percent, the press service of the National Bank of Kazakhstan said. Continue reading
