Kazakhstan Allows State to Buy Shares of Systemically Important Banks Facing Collapse

Starting September 6, the government or a national holding company can acquire shares of systemically important banks at risk of collapse using state funds. The National Bank and the Agency for Regulation and Development of the Financial Market have approved the procedure for such intervention.

Read the full article at Orda.kz →

Headline and summary written by daryo. The full report belongs to Orda.kz.