trending Market Intelligence /marketintelligence/en/news-insights/trending/o_rk8drhi9h6zfsf3qs1wg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Kazakh regulator revokes Kazinvestbank's license

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Kazakh regulator revokes Kazinvestbank's license

The National Bank of the Republic of Kazakhstan revoked the license of JSC Kazinvestbank because of problems with the settlement of payments and money transfers.

The lender was placed under provisional administration until the appointment of a liquidation committee. The Kazakh Deposit Insurance Fund will pay out compensation for Kazinvestbank deposit holders of up to 10 million Kazakh tenge per person on local-currency deposits and up to 5 million tenge for foreign-currency deposits.

The central bank noted that the revocation of the lender's license will not threaten the stability of the Kazakh financial system given that Kazinvestbank's assets and liabilities amounted to 0.7% of the total in the country's banking sector, news agency Kazinform reported Dec. 27.

As of Dec. 27, US$1 was equivalent to 333.63 Kazakh tenge.