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Government goal - to provide high degree of economic safety and to lower risks of banking sector - Nazarbayev

Astana. September 3. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, sees current goal of the government in maintenance of higher degree of economic safety and maximum decrease in risks of the banking sector. The President stated during the second session of the Parliament of the fourth convocation on Tuesday, the agency reports. "Therefore, I have charged the government and Kazyna fund to work over the question of creation of fund of stressful assets taking into account world practice and attraction of international financial institutions," he continued. The President explained that it is a question of creation of "a reliable market mechanism of management of financial risks, which assumes changing of the situation in case of "further possible worsening of the situation of our banks due to ... falling of prices of mortgaged property on the credits loaned by banks."

Resourse: Kazakhstan Today

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