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25 September 2009
KzRating thinks that the period of booming financing prevalent during the growth period is not over
The Rating agency KzRating has prepared an overview of Kazakhstan’s banking system as of September 2009. The review estimated the impact of the crisis on the banking system, the level of risks and the future development trends of the banking sector.
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28 July 2009
Recognition of the independent Rating Agency KzRating
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16 June 2009
KzRating has reduced the credit rating of BTA Bank from “BBB+” to “B+”, with uncertain outlook.
Rating based on stable market positions, including abroad; balanced structure of assets and liabilities, and established connections on international markets.
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25 June 2009
KzRating / GlobalRating has given Kazkommertsbank a BB+ credit rating with stable outlook.
According to Deputy General Director of KzRating Denis Rybalkin, the rating is due to developed market positions, professional management, established international connections and high level of support from the shareholders and the state.
Constraining factors include high dependence on foreign funds, lack of growth opportunities, asset risk concentration in real estate and susceptibility to credit risk in the medium term.
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Our Opinion

13 November 2009
Quantity over quality
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22 October 2009
Second-tier bank boosted deposit savings
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10 October 2009
Complaints differ
Bank customers complain about customer service. The regulator calls for banks to be more open to clients.

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21 May 2009
Foreign games with Kazakh ratings
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