trending Market Intelligence /marketintelligence/en/news-insights/trending/BgOF60H7zooaHT8l6g199Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Kazakh regulator extends Delta Bank ban on accepting deposits, opening accounts

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Kazakh regulator extends Delta Bank ban on accepting deposits, opening accounts

The National Bank of the Republic of Kazakhstan extended the suspension of JSC Delta Bank's license to open new accounts and raise new deposits from individuals and corporate clients through Nov. 1.

The ban does not apply to servicing current deposits held at the lender, Delta said.

The regulator first suspended Delta's license in May after the bank failed to fulfill contractual obligations on payment and transfer operations and breached regulatory ratios several times over the previous 12 months. The suspension was later extended in June through Aug. 2.

As of July 1, the value of retail and corporate deposits held at the bank amounted to around 250 million Kazakh tenge and 85.6 billion tenge, respectively, with the bank's deposit portfolio constituting 0.5% of all deposits in the Kazakh banking sector.

Delta Bank said Aug. 1 that its board of directors acknowledged that the offering of its 3,350,000 ordinary shares to shareholders had failed. The bank wanted to sell the shares at 1,500 tenge apiece, hoping to raise 5.02 billion tenge.

As of Aug. 3, US$1 was equivalent to 335.14 Kazakh tenge.