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Latest articles from Kazakhstan


Dispute casts shadow over BTA Bank's restructuring

July 28, 2010

The debt restructuring deal for Kazakhstan's BTA Bank was signed in May 2010, but a bitter dispute between the current and former owners of the bank continues to cast a shadow over its future. Writer Philip Alexander

The Kazakh government is supporting Islamic finance, helped by Abu Dhabi

May 28, 2010

The Kazakhstan government is strongly promoting the development of Islamic finance in the country to diversify its financial sector, with strong support from Abu Dhabi. Writer Philip Alexander

Kazakh banks replace leverage with capital

May 5, 2010

Kazakhstan's banks are divided between those that are cash-strapped and looking at restructuring, and cash-rich survivors trying to find new lending opportunities. Writer Philip Alexander

Survivors plan their escape from crisis

August 4, 2009

In May, The Banker examined the fate of Kazakhstan's fallen giant, Bank BTA. The Kazakh banks that have stayed solvent now explain their recovery strategies. Writer Philip Alexander

Battered and bruised but ready to move forward

May 5, 2009

BTA Bank has been at the centre of a financial storm involving a state bail-out, Kazakhstan's real estate crash and rotating central bank governors. However the tools to stabilise the situation now appear to be in place. Writer Philip Alexander

Kazakhstan Searches for pain relief

August 4, 2008

When the credit crunch struck, Kazakhstan was first hit and worst hit among emerging markets. Philip Alexander looks for signs of recovery.

A steady hand in a time of crisis

April 7, 2008

CEO of Halyk Bank and former governor of Kazakhstan’s central bank, Grigori Marchenko tells Karina Robinson why the Federal Reserve got it wrong.

New strength attracts interest

August 1, 2007

Kazakhstan’s economic growth story is attracting foreign investors, especially in the booming banking sector. Ben Aris reports.

Kazakh bank makes inroads into China

August 1, 2007

One emerging market bank on the move is Bank TuranAlem, which, as one of the largest private banks in the Commonwealth of Independent States (CIS), is expanding overseas.

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