could-kazakhstan-suffer-a-credit-crisis

Could Kazakhstan suffer a credit crisis?

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

By Lara Wozniak

September 26, 2007

Central Asian bankers were unusually candid û at times even argumentative û 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 KazakhstanÆs effective banking capital, bankers joined together to announce their support for the establishment of a Eurasian Club of Bankers - an idea floated by KazakhstanÆs President NA Nazarbayev in St Petersburg on June 10.

BankTuranAlem, the organiser of the conference, gathered together an impressive panel of speakers who endorsed the...

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