Kazakhstan Cenbank Revokes Licence Of Kazinvestbank

As Of June 26, 2017 Securities Of Kazinvestbank Were Delisted From KASE Official List

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.