| Halyk Bank , Kazakhstan's second-largest lender by assets, said it intended to buy back its remaining state-held shares on Thursday, in a sign of recovering health after the financial crisis.
Halyk, part-owned by the family of Kazakh President Nursultan Nazarbayev, was among four Kazakh banks bailed out by the state via the country's sovereign wealth fund Samruk-Kazyna in 2009. Samruk-Kazyna held 11.55 percent of shares, and minor Halyk shareholders another 9.59 percent...............................................Full Article: Source
|