Kazakhstan

CENTRAL ASIA BLOG: Kazakh banks play pass the parcel with unexploded bad loan bomb

Kanat Shaku in Almaty March 23, 2017

The Kazakh government sees Halyk's takeover as the best way to solve KKB’s bad loans problems, which stem largely from its takeover of failed bank BTA in 2015.

FINTECH: Global Blockchain Business Council sets up branch office in Washington D.C.

Nicholas Watson in Prague March 21, 2017

Less than two months after its founding by The Bitfury Group, the Global Blockchain Business Council, the first global body set up to educate businesses on the latest innovations in blockchain technology, is establishing a chapter in Washington.

COMMENT: The trillion dollar bill of US protectionism

Peter Szopo of Erste Asset Management March 21, 2017

Emerging market stocks have been hit harder than it appears by the election of President Donald Trump.

MACRO ADVISER: Nazarbayev puts it all on red

Chris Weafer of Macro-Advisory March 20, 2017

If the stimulus plan works then the presidential succession should be smooth and Kazakhstan will be a positive role model for the CIS-Eurasia region.

Russian court upholds $420mn ruling against former BTA Bank chairman

bne IntelliNews March 15, 2017

BTA pursuing Kazakh tycoon Ablyazov through the international courts as bank's collapse continues to have repercussions for local banking sector.

Government remains in the dark about Kazakh shadow economy

Nizom Khodjayev in Almaty March 13, 2017

Capital amnesty programme falls well below target, largely benefits corrupt elite and ignores offshore money flows.

'Bad bank' to grease merger of top two Kazakh lenders KKB and Halyk

bne IntelliNews March 3, 2017

Provisional deal hinges on Problem Loans Fund absorbing KKB's rotten loans.

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