Some of the foreign banks are controlled by their countries and enjoy support of their parent banks with ratings higher than those of Kazakhstan banks: expert.
The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.
According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.
Nursultan Nazarbayev and Vladimir Putin talked about relations between Kazakhstan and Russia at the extended meeting in Kazakhstan President's residence.
The leaders of both countries discussed bilateral cooperation and development of interaction amid the integration and reviewed the international and regional problems.
This trip is called to stress the traditionally fraternal relations with one of the leading strategic partners and one of the leading allies of Russia in the post-Soviet space: Putin's assistant.