All other banks represent the lower (second) level of banking system except for the Development Bank of Kazakhstan, having special legal status, determined by legislative act of the Republic of Kazakhstan.
Kazakh – British Technical University, Kazakhstan [email protected] Abstract. Nowadays economy of Kazakhstan faces the problems concerning to the world financial crisis. Particularly it has a pernicious effect on banking system of the country. Almost all banks in Kazakhstan have to pay off...
Banking System Restructuring in Kazakhstan. [Show abstract] [Hide abstract] ABSTRACT: This paper reviews financial restructuring in Kazakhstan, and the condition of the financial system in the period following independence.
To avoid similar crises in the future, the banking system has now been going through a major restructuring. The financial market in Kazakhstan needs improvement also in the provision of financing to micro, small and medium-sized enterprises (MSMEs).