| Kazakhstan’s sovereign wealth fund urged creditors of Alliance Bank to support its proposed debt restructuring, saying the lender may otherwise face bankruptcy at the hands of regulators.
Alliance Bank, seeking to overhaul its debt for a second time since 2010, is “in a critical financial situation,” Yelena Bakhmutova, a deputy chief executive officer at sovereign wealth fund Samruk-Kazyna, said today by phone from the Kazakh capital Astana. “We are not ready to save Alliance Bank alone,” she said.........................................Full Article: Source
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