| Kazkommertsbank (KKB), Kazakhstan's largest lender by assets, reported a 10.7 percent fall in nine-month net income after its purchase of a stake in bailed-out BTA Bank left it with more bad loans on its books.
KKB bought a 46.5 percent stake in BTA from the sovereign wealth fund Samruk-Kazyna in the second quarter. Kazakh businessman Kenes Rakishev bought another 46.5 percent stake in BTA from the fund. Samruk-Kazyna had bailed out BTA, the country's third largest lender, in the global financial crisis...............................................Full Article: Source
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