Kazakh Central Bank Bars Two Lenders From Accepting Retail Deposits

Kazakhstan: State Bailing Out Yet Another Ailing Bank

(Nov 7, Reuters) Kazakhstan’s central bank has barred local lenders Kazinvestbank and Delta Bank from accepting retail deposits for three months, it said on Monday, adding that the two had violated banking regulations.

The regulator did not say which specific rules or laws the two relatively small lenders had failed to comply with. (Reporting by Olzhas Auyezov; editing by Vladimir Soldatkin)