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TASHKENT (TCA) — Fitch Ratings has upgraded the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of Uzbek Industrial and Construction Bank (Uzpromstroybank, UPSB), Asaka Bank, Agrobank, and Microcreditbank (MCB) to ‘B’ from ‘B-’ with Stable Outlooks, the Jahon information agency reported with reference to the ratings agency. Continue reading
BISHKEK (TCA) — As the number of non-performing loans is growing in Kyrgyzstan, Kyrgyz lawmakers have suggested the National Bank of the Kyrgyz Republic (NBKR) analyze how loans taken by citizens have improved their lives. Continue reading
TASHKENT (TCA) — Investors from South Korea in 2016 and 2017 will acquire 15-percent stakes in two large joint-stock commercial banks in Uzbekistan — Uzpromstroibank and Asaka Bank, Novosti Uzbekistana news agency reported. Continue reading
ALMATY (TCA) — Since the beginning of the property and capital legalization campaign in Kazakhstan through 1 April 2016, Kazakhstanis had deposited more than 475 billion tenge (around US $1.4 billion according to the exchange rate on April 20) on special accounts of the country’s banks, the press service of the Kazakh National Bank said. Continue reading
TASHKENT (TCA) — The government of Uzbekistan has offered for sale state-owned stakes in the country’s two commercial banks, the Novosti Uzbekistana news agency reported. Continue reading
ASTANA (TCA) — The current deficit of tenge liquidity and lack of credit resources in the national currency was the subject of the Kazakh parliament’s address to Prime Minister Karim Masimov and National Bank Chairman Daniyar Akishev, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 13. Continue reading
