February 3, 2017 / 7:21 AM / 8 months ago

Kazakhstan may support large banks using state funds

ASTANA, Feb 3 (Reuters) - Kazakhstan’s central bank will propose supporting large local banks using state funds after evaluating their asset quality this year, central bank chairman Daniyar Akishev said on Friday.

Akishev told a government meeting that the proposed state support should also involve capital injections from banks’ existing shareholders. (Reporting by Raushan Nurshayeva; writing by Olzhas Auyezov; editing by Polina Devitt)

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