Media about JSC Nurbank: Publications and Reviews in the Media

What interest rates do Kazakhstani banks offer on deposits

Financial pyramids cannot crash the economy, but they can harm financial institutions. Additionally, entrepreneurs often become victims of these schemes. Experts shared how to avoid encountering financial pyramids and not fall victim to fraud.

Construction and housing acquisition became the most popular lending objects for banks by the end of March 2017, analysts note. Meanwhile, collateralized loans remain a priority, and small and medium-sized businesses - trade and services - lead in lending.

As part of the annual rating affirmation process, the international agency Standard & Poor’s has reaffirmed Nurbank’s short-term rating at 'B' and set its long-term rating at 'B-'.

In 2016, Nurbank demonstrated positive dynamics in key financial indicators, reported Eldar Sarsenov, Chairman of the Management Board of JSC 'Nurbank'. According to the audited consolidated financial statements, Nurbank's net profit in 2016 increased by 75% and amounted to 374.5 million tenge, while in 2015, the bank's net profit was 213.7 million tenge.

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.