Kazakh Cenbank Says Merger Talks Begin Between Halyk And KKB

Kazakhstan's State-Run 'Bad Bank' To Buy Assets From KKB - Cenbank

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)