Get Articles Daily from StraightStocks - Enter Email Address


  • National Debt Clock


Assett Quality Of Kazakh Banks Continues To Decline

Source: http://kazakhstaneconomy.blogspot.com/2008/09/assett-quality-of-kazakh-banks.html
Posted on Thursday, September 4th, 2008 | In Investing in Kazahkstan
Contributed by: Edward Hugh (http://globaleconomydoesmatter.blogspot.com) -

Kazakh President Nursultan Nazarbayev called last week for the creation of a “stressed assets fund” as assets provided to banks as collateral for loans lose value, threatening the country’s banking sector. The diminishing value of assets put up as collateral “doesn’t allow banks to recoup their expenses,” Nazarbayev told lawmakers in the capital Astana.

Kazakhstan’s 36 banks increased their collective loan portfolio to 8.96 trillion tenge ($74.9 billion), an increase of 0.98 percent from the beginning of the year, the Agency for Financial Supervision said on Aug. 20, adding that the portfolio quality “deteriorated, as expected,” as the share of “bad loans” increased from 1.5 percent to 2.8 percent.

Last 5 posts by Edward Hugh

Tags for this Post:
Investing in Kazahkstan




About Edward Hugh (http://globaleconomydoesmatter.blogspot.com)
Edward Hugh is a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows.

Hugh is a founding member and regular contributor to a number of economics weblogs, including Global Economy Matters, Demography Matters and a number of others.

Edward 'the bonobo' Hugh is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again". He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource".

Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net.

Edward follows in detail the Indian, Italian, Spanish, German and Japanese economies. He also has a more than a passing interest in the economies of Turkey and Brazil and in the emerging economies of Eastern Europe.

Leave a Reply

Name

Email (kept private)

Website









No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.