ALMATY Dec 27 Kazakhstan's central bank has
revoked the licence of small lender Kazinvestbank on
Tuesday, citing its repeated failures to properly process
payments and money transfers.
The central bank said in a statement it has appointed a
temporary administration at the bank and would seek its
liquidation in the court, while the deposit insurance fund, also
controlled by the regulator, would pay out Kazinvestbank's
retail deposits within the insurance limits.
(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov;
editing by Katya Golubkova)