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Kazakh c.bank: state to provide over 500 bln tenge to support banks
July 11, 2017 / 10:33 AM / 4 months ago

Kazakh c.bank: state to provide over 500 bln tenge to support banks

ALMATY, July 11 (Reuters) - Kazakhstan’s central bank estimates that the state will provide more than 500 billion tenge ($1.52 billion) to support the nation’s banking system, Kazakh Deputy National Bank Governor Oleg Smolyakov said on Tuesday.

“August-September is a realistic period (for the start of the programme) with the National Bank’s funds,” Smolyakov told a news conference. ($1 = 328.3800 tenge) (Reporting by Mariya Gordeyeva; Writing by Dmitry Solovyov; Editing by Maria Kiselyova)

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