Wednesday, 22 July 2009The chairman of the board of the Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, stated during the government session the banking sector crisis has been avoided and the financial system of the country has been stabilized owing to the measures undertaken by the state, "Kazakhstan Today" agency reports.
"We can now say with confidence that owing to the measures undertaken by the state we could avoid crisis of the banking sector and keep stability of the financial system. At the initial stage, we could observe an overflow of deposits from one bank to another, but, as a whole, the situation has not led to deterioration of the position of the banking sector of the country as money remained in the system. The nationalized banks have gradually increased their depositary base," K. Kelimbetov informed.
"Owing to support of the banks, we also could support the flow of credit into our economy." "191 projects have been credited for the sum of 62.9 billion KZT from the funds of JSC National Bank to finance the real sector of the economy. 15 418 work places have been created," he informed.
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Wednesday, 22 July 2009
Kazakhstan Today
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