USD/KZT 372.65 
EUR/KZT 422.44 
NEWS ARCHIVE
NEWS
National Bank changed standards for minimum reserve requirements

Almaty. June 26. Kazakhstan Today - The National Bank of the Republic of Kazakhstan changed standards for minimum reserve requirements, the agency reports referring to the press service of the National Bank. According to the press service, the board of the National Bank changed standards for minimum reserve requirements in order to regulate short-term liquidity of the banks of the second level. Instead of current standards at the rate of 6 % for internal obligations and 8 % for other obligations, new standards at the level of 5 % for internal obligations and 7 % on other obligations have been introduced. "According to the current legislation, the standards for minimum reserve requirements will be put into operation not earlier than after a month after acceptance of such decision. Accordingly, new standards will come into effect since July 29, 2008," the message informs. According to the press service of the National Bank, reduction of standards for minimum reserve requirements will allow banks releasing about 90 billion KZT. The released funds can be directed to ensure credit activity of the banks. According to the press service, introduction of new standards terminate coming into force since July 1, 2008 of the standards of minimum reserve requirements at the level of 5 % on internal obligations and 10 % on other obligations.


Resourse: Kazakhstan Today







Rambler's
Top100
Rambler's Top100

  WMC     Baurzhan   Oil_Gas_ITE   Mediasystem