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Could Kazakhstan suffer a credit crisis?

By Lara Wozniak | 27 September 2007
Keywords: kazakhstan

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You can talk about Borat, but don't mention the word crisis in Kazakhstan.

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 ...

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