29 октября 2014 16:48

National Bank of Kazakhstan defends pension assets' investment into second tier banks

©Tengrinews illustration

The National Bank of Kazakhstan has explained why it was investing pension assets of the Single Pension Fund (SPF) into securities of second tier banks, a practice that Ak Zhol faction of the Kazakh Parliament called “charity to the banks at the expense of ordinary citizens”, Tengrinews reports.

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