Tag: kazakhstan

As the nation starts bailing out its banks, it needs to find other strategic investors. So far, it has started by engaging in talks with the Russians. The Korean bank will pay $634 million for the stake as it diversifies its revenue sources away from domestic lending. Bank TuranAlem is in expansion mode and has applied to the Chinese authorities to open a subsidiary in the Western city of Urumchi. You can talk about Borat, but don't mention the word crisis in Kazakhstan. Fitch Ratings says the aggressive growth strategies employed by Kazakhstani banks may pose credit risks. Kazakh top brass visit Hong Kong to outline private equity and venture capital opportunities.