Kazakhstan and Uzbekistan Poised to Attract More Western Banks, According to Raiffeisen

Kazakhstan and Uzbekistan show strong potential for attracting Western banks, which are increasingly interested in Central Asia and the Caucasus. Raiffeisen Research notes that while foreign financial institutions' presence is currently small, growing trade, transport links, and investment ties with the West create expansion opportunities. Western banks' claims on borrowers in these regions have risen since 2022.

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