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Government to allocate banks $3 billion to finance economy and business - Nazarbayev

Astana. November 24. Kazakhstan Today - The government of Kazakhstan will allocate to the banks $3 billion to finance economy and business. The President of Kazakhstan, Nursultan Nazarbayev, informed on Friday during the session of Council of National Investors, the agency reports. "We reached agreement that Samruk - Kazyna will provide four largest banks with additional capitalization. The state buys 25 % of shares for $1 billion," N. Nazarbayev reminded. "$3 billion will be given to the banks through other tools to finance economy and business," he continued.

Resourse: Kazakhstan Today

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