22 June 2012, 13:29
Above 30% of financial services volume in Kazakhstan should not belong to foreign banks, President
ASTANA. June 22. KAZINFORM "Above 30% of volume of financial services in Kazakhstan should not belong to foreign banks," President Nursultan Nazarbayev told the entrepreneurship development meeting at Akorda.
"The Government and the National Bank should take into consideration that the foreign banks which enjoy more favorable competitive advantages. Let them work but work under equal conditions. Above 30% of volume of financial facilities in Kazakhstan should not belong to foreign banks. It is an obligatory procedure," the President said.
National Bank rebutes the information on the lack of large denomination banknotes
ASTANA. KAZINFORM - Information about the lack of large denomination banknotes was unreliable, the press service of the National Bank of Kazakhstan reported.
WEEKLY REVIEW: Kazakhstan, Russia and Belarus are embarking on joint development of the documents needed for the full operation of the EEU
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