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22 June 2012, 13:29
Above 30% of financial services volume in Kazakhstan should not belong to foreign banks, President
ASTANA. June 22. KAZINFORM "Above 30% of volume of financial services in Kazakhstan should not belong to foreign banks," President Nursultan Nazarbayev told the entrepreneurship development meeting at Akorda.

"The Government and the National Bank should take into consideration that the foreign banks which enjoy more favorable competitive advantages. Let them work but work under equal conditions. Above 30% of volume of financial facilities in Kazakhstan should not belong to foreign banks. It is an obligatory procedure," the President said.

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President: KZT 500 bln of pension savings to be converted into currency
ASTANA. KAZINFORM - At the enlarged sitting of the Government of Kazakhstan, President Nursultan Nazarbayev gave instructions to ensure preservation and profitability of the savings of depositors of the Integrated Accumulative Pension Fund of Kazakhstan until it is transferred to private companies. He also ordered to invest pension savings in the amount of 1 trln 450 bln tenge in several spheres in 2016.

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