Media about JSC Nurbank: Publications and Reviews in the Media

With the implementation of new technology by VISA, where payments occur using two phones – buyer’s and seller’s – traditional POS terminals may become obsolete. The NCE 'Atameken' believes that this technology has prospects if it attracts the interest of trade entities themselves. Kazakh banks note that they would welcome the introduction of this service in Kazakhstan.

What Kazakhstanis Buy on Credit

Foreword NB. You are viewing the 3rd out of 20 interviews published as part of the special project 'B2G — from business to government'. We decided to talk with leaders of major and minor domestic companies about how they envision the future of Kazakhstan.

Quality higher education is a condition for a child's future successful life that parents can provide. Every parent plans their child's future using all available resources, but these are not always readily available. Kursiv Research examined the educational deposit developed under the state educational savings program and compared the conditions of second-tier banks offering this product.

The potential acquisition of Kazkommertsbank by Halyk has stirred the banking market of Kazakhstan. The merger of two heavyweights could form a megabank—not by global standards, but certainly within the local market. We are yet to understand the nature of this deal. It is possible that even the shareholders of these financial institutions are unaware of it. The question remains open as to whether this deal will even occur, as negotiations are currently based on non-obligatory memorandums. Nonetheless, the m

What are the deposit interest rates offered in Kazakhstan

Further concentration in the banking sector contributes to the recovery and strengthening of Kazakhstan's financial system, which will positively impact the overall economic development and enhance its investment image. Eldar Sarsenov, Chairman of the Board of Nurbank JSC, discussed this and much more in an interview with 'K' about current events in the industry and the bank's latest financial figures.

On February 20, the National Bank of the Republic of Kazakhstan decided to reduce the base rate to 11% with a corridor of +/-1%, announced the Chairman of the National Bank of Kazakhstan Daniyar Akishev. Thus, according to him, the rates on liquidity provision operations are now 12%, and on liquidity withdrawal operations – 10%. Bankers received this news positively, although other analysts warn that the risks of high inflation still remain.

Amid all the transformations in the banking sector, Nurbank remains stable. Today it ranks 15th in terms of assets, but last year was a breakthrough for it: the bank grew faster than the entire sector, and in terms of loan portfolio dynamics, it ranked fourth among second-tier banks. This year, Nurbank is celebrating its 25th anniversary. The bank has outlined its future for the next five years, having adopted a development strategy for 2017-2021.