Kazakh Cenbank Suspends Delta Bank’s Deposit Licence

Kazakh Delta Bank Will Not Accept Deposits Or Open Accounts Until November

(Reuters) – May 22 Kazakhstan’s central bank on Monday barred local lender Delta Bank from opening new deposits and customer accounts until June 15, citing its repeated failure to make timely payments and breach of regulatory ratios.

Delta is Kazakhstan’s 14th largest bank by assets, which stand at about $1.2 billion. (Reporting by Olzhas Auyezov)