'Samruk Kazyna' searches for investors willing buy Kazakh banks

ASTANA. February 7. KAZINFORM "JSC "National Welfare Fund" Samruk-Kazyna "is already in the process of exit of the capital of three Kazakh banks - BTA Bank, Alliance Bank and Temirbank," deputy chairman of the Fund Yelena Bakhmutova announced at the briefing.

Y. Bakhmutova noted that the Fund begins searching for a strategic investor to BTA Bank. It could be any investor who meets the criteria for the controller and be able to provide maximum return on investment imposed. It does not matter whether it will be foreign or domestic investors.

As for the two other banks - Alliance Bank and Temirbank, previously the proposal to merge the banks has been considered. But on behalf of the Head of State the Fund should to exit of the capital of financial institutions this year.

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