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Kazakh central bank sees GDP growth at 5-6 pct in 2013
January 9, 2013 / 5:27 AM / 5 years ago

Kazakh central bank sees GDP growth at 5-6 pct in 2013

ALMATY, Jan 9 (Reuters) - Kazakhstan, Central Asia’s largest economy, expects gross domestic product to expand by 5 to 6 percent this year, National Bank Governor Grigory Marchenko said on Wednesday.

Deputy Prime Minister Kairat Kelimbetov said last month that the oil-fuelled economy was expected to grow by at least 5 percent in 2012.

Quoting preliminary central bank data, Marchenko said the loan portfolio of Kazakhstan’s banking sector had expanded by 12.3 percent last year. (Reporting by Mariya Gordeyeva; Writing by Dmitry Solovyov; Editing by Peter Cooney)

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