On 7 November the Kazakh
bank “Bank RBK” announced that it had decided to place 5 billion tenge (KZT) of
common stock in order to boost its authorized capital from 9.5 bln KZT to 14.5
bln KZT. (At the time of writing, 1 EUR
= 192.5650 KZT.) The management states
that it views the move – which was first announced earlier – as advisable in
order to strengthen the bank’s capital adequacy, since the bank’s assets have
been growing rapidly in 2012, i.e., 84% in the first six months of the year and
108% from the beginning of the year through 6 November. As of 6 November, the bank’s loan portfolio
had increased 262% from the beginning of the year.
Source: Акционеры АО «Bank RBK»
увеличили уставный капитал банка до 14.5 млрд. тенге (2012-11-07)
Bank RBK’s balance
sheet as of 30 September 2012 (unaudited): Бухгалтерские
балансы по состоянию на 30 сентября
2012г. (не аудированный)
In other news, on 7
November the CEO of Halyk Bank (Қазақстан Халық Жинақ Банкі АҚ), Ms. Umut Shayakhmetova,
suggested that money from the country’s National Fund be used to reduce
interest rates on loans to businesses in Kazakhstan. Speaking at the 4th Economic Forum
“Expert-100-Kazakhstan”, during the panel discussion “Sustainable Development of
National Business – A Primary Factor in the Modernization of Kazakhstan”
(10:00-12:00), Ms. Shayakhmetova pointed out that average interest rates on
loans to businesses in Kazakhstan are in the range of 10-15%, and that this is higher
than in neighboring countries and much higher than in countries where rates
average 2-5%. She suggested that a part
of the abundant funds of the National Fund be used to lower interest rates to
businesses but without assuming any additional risk. (The National Fund (Национальный фонд
Республики Казахстан – Нацфонд) had assets of 8,304,267,000,000 KZT (43.1 bln EUR)
as of 30 September 2012 .)
Source: Глава Народного
банка предлагает использовать средства Нацфонда для снижения кредитных ставок в
РК (2012-11-07 11:30 )
Profile of Umut Shayakhmetova
at site of JSC Halyk Bank: Umut
Shayakhmetova - Chairperson of the Management Board
Website of 4th
Economic Forum “Expert-100-Kazakhstan”, held 7 November 2012 at Rixos President Hotel in Astana: IV Экономический форум
«Эксперт-100-Казахстан»
Balance of National
Fund at end of September 2012: Қазақстан республикасының
ұлттық банкi - Статистикалық бюллетень - Қыркүйек 2012, p. 15
Mark Pleas
[contact]
