Kazakh Cenbank Says Merger Talks Begin Between Halyk And KKB

BOARD OF DIRECTORS OF HALYK BANK APPROVES INTEGRATION WITH KAZKOMMERTSBANK

Jan 24 (Reuters) – Kazakhstan’s central bank said on Tuesday it had been informed about the start of merger talks between the country’s two biggest lenders, Kazkommertsbank (KKB) and Halyk Bank .

Oleg Smolyakov, central bank deputy chairman, said in a statement the banks should get the regulator’s approval prior to the deal.

(Reporting by Mariya Gordeyeva; writing by Katya Golubkova; editing by Jack Stubbs)

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