| Kazakhstan’s sovereign wealth fund Samruk-Kazyna is discussing a possible merger of state- controlled lenders AO Temirbank and AO Alliance Bank, said Yelena Bakhmutova, the fund’s deputy chief.
Samruk-Kazyna, which holds government stakes in the banks, is considering options to “boost the lenders’ effectiveness, including the possibility of their functioning as a united financial institution,” Bakhmutova said in an interview with the Interfax news service in comments confirmed by the Astana- based fund’s press service...............................................Full Article: Source
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