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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kazakhs to protect BTA Bank from default, wealth fund says

Posted on 08 July 2011

Kazakhstan’s sovereign wealth fund Samruk-Kazyna will inject cash into BTA Bank if the lender requires financing to avoid a second default, an official said.
“I don’t think BTA Bank will have to restructure debt or face bankruptcy, but we will provide financing to BTA if needed,” Aidan Karibzhanov, a deputy chief executive officer at Samruk-Kazyna, said in an interview in Astana. The fund hasn’t considered how it would inject money into the lender, he said……………………………………….Full Article: Source


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