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1

Monthly review for August 2009: Kazakhstan

In this issue:


2 Laws & Legislations
2-3 Politics and Economics
2 Banks’ loan portfolio continues to deteriorate, FSA
2 Foreign banks will not control Kazakhstan financial institutions
2 Government to provide GDP growth in II half of 2009 at level of 1.8 - 2 %
3 Economic turmoil hinders growth of Kazakh insurance market, although long-term prospects are more promising, S&P
3 Kazakhstan’s GDP ups 3% in Q2Kazakhstan ups oil, condensate
production 6% in Jan-July; gas production grows 3.6%
3 Kazakh economy shrinks 2.3% in H1
3 Upcoming events
4 Banking
4 Nurbank earned 570 million tenge in net profit in H1 2009
4 Assets of Kaspi Bank grew by 21% in H1
4 Troika Dialog Kazakhstan raises Kazkommertsbank rating from “hold” to “buy”
4 BTA Bank downgraded by Moody’s, ratings withdrawn
4 HR News
5-6 Corporate News
5 Antimonopoly agency puts coal companies on the list of monopolies
5 Azia Avto doubles net loss in H1
5 Kazakhtelecom's net profit falls 43% in H1
5 SamrukKazyna values its investment portfolio at $26 billion
5 NCOC fails to meet social commitments
6 Tethys Petroleum Limited: Second Quarter 2009 Financial Results
6 ENRC net profit dropped almost 60% in H1
6 Kazakhmys revenue tumbles 42% in January-June
6 Frontier mining ensures GBP5m (US$8.2m) equity financing
6 IPO and M&A news
7 KASE & Last month gainers/losers
8 AFS-Research news

 

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