Presence of foreign banks does not pose systematic risks in middle term

viewings icon 47 comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button
Grigory Marchenko. By Yaroslav Radlovsky© Grigory Marchenko. By Yaroslav Radlovsky©

The architecture of the Kazakhstan’s banking sector will not be changed with foreign players entering the market, Grigory Marchenko, Head of the National Bank, said in an on-line conference arranged by Profinance.kz. “Despite the active growth of banks with foreign capital and their strengthened role in the Kazakhstan’s banking sector, their influence in the banking sector in the middle term does not pose systematic risks [normally] related to presence of foreign players, such as a threat of mass outflow of liquidity to parents banks in case of a crisis”, Mr. Marchenko said. However, according to the Concept of the financial sector development in the post-crisis period, in case of growing risks related to presence of foreign players, the Government represented by the National Bank, retains the right to limit presence of foreign players in the financial sector. “Should the decision [on limitation] be taken, the limit could be up to 50% of the combined authorized capital in each segment of the financial sector”, Mr. Marchenko said.

whatsapp button telegram button facebook button
Иконка комментария блок соц сети
The architecture of the Kazakhstan’s banking sector will not be changed with foreign players entering the market, Grigory Marchenko, Head of the National Bank, said in an on-line conference arranged by Profinance.kz. “Despite the active growth of banks with foreign capital and their strengthened role in the Kazakhstan’s banking sector, their influence in the banking sector in the middle term does not pose systematic risks [normally] related to presence of foreign players, such as a threat of mass outflow of liquidity to parents banks in case of a crisis”, Mr. Marchenko said. However, according to the Concept of the financial sector development in the post-crisis period, in case of growing risks related to presence of foreign players, the Government represented by the National Bank, retains the right to limit presence of foreign players in the financial sector. “Should the decision [on limitation] be taken, the limit could be up to 50% of the combined authorized capital in each segment of the financial sector”, Mr. Marchenko said.
Tengrinews
Читайте также
Join Telegram Последние новости
Dollar falls by another 3 tenge
Лого TengriNews мобильная Лого TengriLife мобильная Лого TengriSport мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriAuto Открыть TengriTravel Открыть TengriEdu Открыть TengriGuide

Exchange Rates

 502.8  course up  547.58  course up  5.95  course down

 

Weather

6°C weather_old.overcast

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer
yadro