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Kazakhstan's Halyk Bank says KKB takeover may take longer than expected
May 16, 2017 / 5:44 AM / 7 months ago

Kazakhstan's Halyk Bank says KKB takeover may take longer than expected

ALMATY, May 16 (Reuters) - The planned takeover of Kazakhstan’s Kazkommertsbank by rival Halyk Bank may take longer than previously expected, Halyk Bank chief executive Umut Shayakhmetova said on Tuesday.

“We had expected to have a clear understanding (of the deal’s details) by the end of May, but the deal is very complicated... and some issues arise,” she told a briefing. (Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; Editing by Miral Fahmy)

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