Central Asia fintech news
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Uzbekistan and Kyrgyzstan Launch Cross-Exchange Cooperation: UzEx Integrates with EVDE
Uzbekistan’s UzEx exchange has partnered with Kyrgyzstan’s EVDE exchange to expand trading in the region.
Kazakhstan Stock Exchange and CAIER Agree on Free ESG Assessment for Issuers
KASE and the Central Asian Institute for Ecological Research have signed a memorandum that will lower barriers to issuing green bonds in Kazakhstan.
Turkmenistan and Azerbaijan Synchronize Banking Standards for the Middle Corridor Route
The countries signed a package of agreements that includes coordination in the financial sector and the harmonization of customs statistics
Azerbaijan's ABB Discusses Acquisition of 51% Stake in Uzbekistan's Davr Bank at Regulator Level
The Central Bank of Uzbekistan has officially confirmed negotiations regarding the entry of Azerbaijani capital. The parties have moved on to discussing prudential supervision and the asset’s future development strategy.
Kazakhstan's Bank Loan Portfolio Grows by 18%. Bank RBK, Freedom, and Kaspi Lead the Pack
Total loan volume approached 44 trillion tenge. The top ten players account for over 92% of the market while maintaining a consistently low delinquency rate.
Kazakhstan's Senate Approves Amendments to Launch Car Leasing for Individuals
Following a 2025 pilot project, the parliament is updating the legislative framework. Leasing will become an alternative to car loans, allowing drivers to change vehicles without having to sell them.
UAE's Abu Dhabi Commercial Bank Registers New Subsidiary in Kazakhstan
The UAE investor has established a universal bank, capitalized it with 20 billion tenge, and plans to develop Islamic financing.
Fitch Upgrades Outlook for Microcreditbank Following Uzbekistan's Sovereign Rating
The international agency improved the outlook for seven state-owned banks in the country. The assessment relies on state support rather than the banks’ independent performance.
Halyk Bank Completes Acquisition of Online Cash Register Service re:Kassa
Kazakhstan’s largest bank has become the direct owner of the fintech company, integrating it into its business services ecosystem.
Kazakhstanis Are Withdrawing Less Cash: First Decline Since the Pandemic
The share of cash in card turnover has dropped to a historic low of 12.1%. This marks the first decline in cash withdrawal volumes since 2020.
ARDFM prepares unified resolution rules for troubled banks in Kazakhstan
The regulator has published a draft resolution intended to consolidate mechanisms for dealing with insolvent financial institutions.
From 15 Million Tenge: What Kazakhstan's Banks Offer Private Banking Clients
The premium service market is expanding beyond a narrow circle of the ultra-rich. We break down the conditions, entry thresholds, and main services for wealthy clients.