Finance and Investment

18.01.2019

Court decision on the liquidation of Kaazakh Eximbank enters into force

The court decision on the forced liquidation of Eximbank Kazakhstan has entered into legal force.

"On Wednesday, January 16, 2019, the Almaty City Court dismissed Kazakhtelecom’s complaint against the decision of the Specialised Inter-district Economic Court of Almaty dated November 28, 2018 on the forced liquidation of Eximbank Kazakhstan. Thus, the...

The court decision on the forced liquidation of Eximbank Kazakhstan has entered into legal force.

"On Wednesday, January 16, 2019, the Almaty City Court dismissed Kazakhtelecom’s complaint against the decision of the Specialised Inter-district Economic Court of Almaty dated November 28, 2018 on the forced liquidation of Eximbank Kazakhstan. Thus, the...

18.01.2019

Kommesk Omir increases collection of insurance premiums in 2018 by 1.5 times

Following the results of 2018, the Kommesk Omir insurance company collected premiums in the amount of 10.1 billion tenge, which is 1.5 times more than in 2017.

"The increase in insurance premiums in 2018 was due to an increase in the company's own sales portfolio for compulsory insurance of civil liability...

Following the results of 2018, the Kommesk Omir insurance company collected premiums in the amount of 10.1 billion tenge, which is 1.5 times more than in 2017.

"The increase in insurance premiums in 2018 was due to an increase in the company's own sales portfolio for compulsory insurance of civil liability...

18.01.2019

Zhilstroysberbank announces boost in deposit premium in 2019

In 2019, the state premium on deposit from Zhilstroysberbank for the first time will exceed 100 000 tenge. Kazpravda.kz correspondent quotes Lazzat Ibrahimova, chairwoman of the board of Zhilstroysberbank of Kazakhstan JSC, as saying at the press conference at the RK Government. “Every year, the state premium in the Construction...

In 2019, the state premium on deposit from Zhilstroysberbank for the first time will exceed 100 000 tenge. Kazpravda.kz correspondent quotes Lazzat Ibrahimova, chairwoman of the board of Zhilstroysberbank of Kazakhstan JSC, as saying at the press conference at the RK Government. “Every year, the state premium in the Construction...

18.01.2019

Islamic Development Bank allocates $40 million in loans for Kazakh enterprises

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services Dec. 11 press conference. The loan will be given to businesses corresponding to the requirements of Islamic finances.

“These funds will be used...

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services Dec. 11 press conference. The loan will be given to businesses corresponding to the requirements of Islamic finances.

“These funds will be used...

18.01.2019

Kazakhstan’s €1.050 billion euro-denominated bonds offering

White & Case LLP has advised Citigroup, Société Générale and BCC Invest on the update of the Republic of Kazakhstan’s US$10 billion global medium term note programme and issuance thereunder of €525 million 1.55 percent Notes due 2023 and €525 million 2.375 percent Notes due 2028.

The dual-tranche issuance is the...

White & Case LLP has advised Citigroup, Société Générale and BCC Invest on the update of the Republic of Kazakhstan’s US$10 billion global medium term note programme and issuance thereunder of €525 million 1.55 percent Notes due 2023 and €525 million 2.375 percent Notes due 2028.

The dual-tranche issuance is the...


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