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Kazakhstan sets aside $6.2 bln to buy out banks' bad loans
February 13, 2017 / 11:44 AM / 7 months ago

Kazakhstan sets aside $6.2 bln to buy out banks' bad loans

ASTANA, Feb 13 (Reuters) - Kazakhstan plans to inject 2.0 trillion tenge ($6.2 billion) into the capital of state-owned Problem Loans Fund in order to buy bad assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. (Reporting by Raushan Nurshayeva; Writing by Olzhas Auyezov; Editing by Vladimir Soldatkin)

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