Nazarbayev ordered to draw up concept of financial sector development by June 2014

Date: 07:43, 16-04-2014.

Astana. April 16. KazTAG - Kazakhstani President Nursultan Nazarbayev took part in the session dedicated to the reports of the National Bank for the last year, reports Akorda.

"The National Bank and the Government are developing a concept of financial sector development until 2030. This work must be finalized by June," said Nursultan Nazarbayev.

He indicated that financial sector development is stable today.

"Credits in the economy increased by 13% in comparison to last year. The volumes of population's deposits reached 10 trln tenge. The money of the National Fund, which is a guarantee of our economic security, has reached $70 bln, 22% up in a year. The process of pension assets unification into a uniform saving pension fund has finalized. Insurance market has been growing, its assets increased by 18%," he said.

The parties discussed hot issues and tasks of the financial sector development, the National Bank presented a report for 2013 and the first quarter 2014.

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