Kazakhstan May Support Large Banks Using State Funds

Kazakhstan's Central Bank Chairman Doesn't Understand Cryptocurrency

ASTANA, Feb 3 (Reuters) – Kazakhstan’s central bank will propose supporting large local banks using state funds after evaluating their asset quality this year, central bank chairman Daniyar Akishev said on Friday.

Akishev told a government meeting that the proposed state support should also involve capital injections from banks’ existing shareholders.

(Reporting by Raushan Nurshayeva; writing by Olzhas Auyezov; editing by Polina Devitt)