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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Samruk Kazyna sovereign wealth fund board chairwoman comments on Russia’s Sberbank President German Gref’s concerns

Posted on 31 January 2013

Ms. Elena Bakhmutova, Vice Chairwoman of the Samruk Kazyna Sovereign Wealth Fund Board, commented on Russia’s Sberbank President German Gref’s concerns over the Fund’s policy towards banks.
Mr. Gref earlier expressed concerns that Kazakhstan is taking steps to restrict operations of foreign banks in Kazakhstan, including those of Sberbank. Notably, he referred to suggestions to set limits on deposits of national companies [owned by Samruk Kazyna] kept with foreign banks. According to him, this measure is discriminating against foreign banks and is an obstacle to fair competition within the Single Economic Space………………………………………..Full Article: Source


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