Could Kazakhstan suffer a credit crisis?

Central Asian bankers were unusually candid – at times even argumentative – at what many had expected to be a staid banking conference in Kazakhstan on Wednesday. Instead, the meeting turned into a lively debate over whether or not the country's banks are facing a crisis.

At the opening day of the Almaty Interbanking Conference at the swank InterContinental Hotel in Kazakhstan’s effective banking capital, bankers joined together to announce their support for the establishment of a Eurasian Club of Bankers - an idea floated by Kazakhstan’s President NA Nazarbayev in St Petersburg ...