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How London banks are trying to dodge Brexit
Regulators want more activity shifted to mainland Europe but lenders have other ideas
10 2019 | Viewed: 24 | Foreign experience | Read full
New Kazakh President Calls Snap Election Weeks After Succession
Kazakhstans new president called snap presidential elections less than a month after he replaced leader-for-life Nursultan Nazarbayev in a carefully-choreographed transfer of power

9 2019 | Viewed: 25 | News / Theme of day | Read full
Kazakhstan to hold election in June, says acting president
Kazakhstans acting head of state has called a presidential election for June, a year ahead of schedule

9 2019 | Viewed: 29 | News / Theme of day | Read full
Global investors are shunning Brexit-battered stocks
Big macro funds mostly see better, clearer opportunities outside the UK
9 2019 | Viewed: 30 | Analytics | Read full
Breaking-up the Big Four: auditors protest UK reform
9 2019 | Viewed: 25 | Foreign experience | Read full
Leaving London: Voices from the financial front lines of Brexit
8 2019 | Viewed: 28 | News / Theme of day | Read full
Inland port puts Germany rustbelt on Chinas map
Duisburg has become the western terminus of Chinese leader Xi Jinpings new Silk Road
8 2019 | Viewed: 44 | News / Review of Mass Media | Read full
Saudi Aramco attracts $30bn demand for $10bn bond issue
Strong investor interest comes despite concerns over close links to repressive state

8 2019 | Viewed: 42 | Analytics | Read full
Advertisers, consumers embrace social media
For Li Jiaqi, 27, it took less than a year to increase his bank balance to over 10 million yuan (US$1.49 million) from a relatively small amount without having to rob a bank, win a lottery, find a secret treasure or land an inheritance

8 2019 | Viewed: 25 | Foreign experience | Read full
Norway Is Walking Away From Billions of Barrels of Oil and Gas
The dramatic shift is big a blow to the support the oil industry has enjoyed

8 2019 | Viewed: 31 | Foreign experience | Read full
Tech firms face tough UK rules to end self-regulation
Plans for sweeping sanctions and oversight include duty of care to tackle harmful activity

8 2019 | Viewed: 25 | Foreign experience | Read full
Samsung Expects 60% Decline in First-Quarter Operating Profit
Tech giant has cited lackluster demand for memory chips
5 2019 | Viewed: 26 | Foreign experience | Read full
Weird things keep happening in the markets
The 2008 crisis and the reforms that followed sparked a profound behavioural shift
5 2019 | Viewed: 36 | Analytics | Read full
US and China delay possible trade deal
Trump says an agreement will be reached within four weeks as toughest issues resolved
5 2019 | Viewed: 41 | News / Theme of day | Read full
Fitch Affirms Bank Centercredit at 'B-'; Withdraws Ratings
Fitch Ratings-Moscow-03 April 2019: Fitch Ratings has affirmed Bank Centercredit's (BCC) Long-Term Issuer Default Ratings (IDRs) at 'B-' with a Stable Outlook and simultaneously withdrawn all of the bank's ratings for commercial reasons. Fitch will no longer provide rating and analytical coverage of BCC. A full list of rating actions is at the end of this rating action commentary.


BCC's IDRs and Support Rating are underpinned by the probability of support from the Kazakh authorities. Fitch recently re-assessed the state's propensity to support medium-sized Kazakh banks in light of the failure and resolution of the country's second-largest bank, Tsesnabank, and, as a consequence, revised BCC's Support Rating Floor (SRF) and downgraded the bank's support-driven IDRs (see "Fitch Revises 4 Kazakh Privately-Owned Banks' Support Rating Floors; Downgrades BCC and ATF" dated 12 March 2019).

Fich has affirmed BCC's Viability Rating (VR) at 'ccc', reflecting limited changes to the bank's credit profile since its last review in December 2018 (see "Fitch Affirms 6 Kazakh Financial Institutions; Downgrades ATF's & Centercredit's VRs" dated 10 December 2018). BCC's VR captures a large stock of legacy impaired loans and other high-risk assets, weak pre-impairment profitability and an insufficient core capital buffer. The bank has thus far made limited progress on resolving these risks. While its gross Stage 3 loans/gross loans ratio was down to 27% at end-2018 from 31% at end-1H18, unreserved net impaired loans stood at a high 1.7x of regulatory equity at end-2018 (end-1H18: 1.9x). The bank's funding profile remains stable and its dependence on state-related deposits has decreased since end-1H18.


Not applicable.

The following ratings have been affirmed and withdrawn:

Long-Term Foreign- and Local-Currency IDRs: 'B-'; Outlooks Stable
Short-Term Foreign-Currency IDR: 'B'
National Long-Term Rating: 'BB-(kaz)'; Outlook Stable
Viability Rating: 'ccc'
Support Rating: '5'
Support Rating Floor: 'B-'
Senior unsecured debt: 'B-'/'BB-(kaz)'/'RR4'
Dated subordinated debt: 'CC'/'RR6'/'CCC(kaz)'
Perpetual debt: 'C'/'RR6'

4 2019 | Viewed: 27 | Press Releases | Read full
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Interview with Sholpan Kozhamkulova

Sholpan Kozhamkulova
Sholpan Kozhamkulova, Ph.D., Assistant Professor, Chair, Department of Journalism and Mass Communication, KIMEP, Almaty

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