Kazakhstan: Banking System Undermined by Expensive Credit

A branch of Qazkom, a large bank recently absorbed by Halyk Bank. A cycle of crises is spurring a merger trend among banks in Kazakhstan. (Photo: EurasiaNet.org)

Kazakhstan’s banking sector is having trouble finding that light at the end of the tunnel.
 
A cycle of crises is spurring a merger trend among banks. In 2017 alone, eight banks have completed or are in the course of going through this process.
 

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Aktan Rysaliev is a pseudonym for a journalist working in Almaty, Kazakhstan.

Kazakhstan: Banking System Undermined by Expensive Credit

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