OREANDA-NEWS. On December 19, 2007 preliminary outcomes of the current year in banking area and prospects of developing the financial system in 2008-2009 were discussed at the meeting. It was noted that despite of the temporary problems that some of the local banks are experiencing now, the situation is under control and credit amount has been stabilized, reported the Official website http://www.akorda.kz.

In November, deposits of legal entities and physical persons increased.

“In the future, it is necessary to control the situation in the banking sector taking into account the obligations that will be paid in 2008, to keep the credit level of the economy. The National Bank has a sufficient portfolio of reliable foreign assets. It is necessary to pay more attention to the quality of the credit portfolio.

Kazakhstan’s balance of payments is in a good condition. Export incomes are expected to be high next year taking into account high prices for oil, metals and grain. The tenge currency remains stable,” Anvar Saidenov said at a press briefing.

Today, Nursultan Nazarbayev also received Chairman of the Agency for regulation and control of financial market and financial organizations Arman Dunayev who reported to the President on measures taken in order to improve the situation in the financial system after August’s shakes in the world financial markets.

President Nursultan Nazarbayev also received mayor of the city of Almaty Imangali Tasmagambetov.