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State is ready to allocate $1 billion for fund of stressful assets

Almaty. September 18. Kazakhstan Today - The state is ready to allocate for fund of stressful assets $1 billion. The chairman of Agency of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations, Elena Bahmutova, said during the press conference on Wednesday, the agency reports. "The work is being conducted. The Agency of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organizations holds consultations both with the Ministry of Finance and with Fund Kazyna as well as with a number of investment banks that express desire to render consulting help." As it was informed earlier, the concept of fund of stressful assets will be presented to the government by October 1. The President of Kazakhstan, Nursultan Nazarbayev, stated that he sees a current goal of the government in maintenance of higher degree of economic safety and maximum decrease of risks of the banking sector during the opening of the second session of Parliament of the fourth convocation on September 2.


Resourse: Kazakhstan Today







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