Banking Crisis
Western experts praise restructure of Kazakh bank
08.10.2009. Category:Kazakhstan
The Kazakh government this week secured a deal with creditors to restructure Alliance Bank, in an innovative move allowing it to emerge as a going concern from the credit crisis.
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End of the banking boom
20.05.2009. Category:Kazakhstan
During the economic boom, Kazakhstan's banks borrowed heavily on international markets to finance massive investments in construction and real estate. The international credit crisis has left the country's banks extremely exposed, in turn putting a large section of the economy under threat.
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