China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The money network:

The money network:

Why crowdfunding threatens traditional bank lending

September 2003

Central bank governor of the year 2003: Kazakhstan sets CIS banking standard

National Bank of Kazakhstan's governor, Grigori Marchenko, won't say it, but he has been the main influence behind his country's widely acclaimed economic success story.


Grigori Marchenko, the National
Bank of Kazakhstan's govenor
and largely the reason for his
country's economic success.

SUMMER IN ALMATY can be soporific. Power-napping on a bench, enjoying the shade of the silver birches and the warblings of the mynah birds on the quiet street that is home to the National Bank of Kazakhstan, you could be forgiven for thinking you are about to enter a sleepy organization.

You would be completely wrong. The hushed corridors of the NBK might exude an atmosphere of studious calm, but there's also a sense of the dynamism that has driven a financial services sector that is universally regarded as the best in the Commonwealth of Independent States.

Much of the credit goes to Grigori Marchenko, who has won Euromoney's 2003 central bank governor of the year award. As captain of the NBK ship since 1999 he has received widespread recognition for steering Kazakhstan and its banks...

More information on central bank governor of the year


The rest of this article is available to subscribers only

Please Subscribe below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today