16.07.2009, 15:15 2805

ATF Bank is confident there will not be second wave of devaluation of tenge

JSC Company ATF Bank expresses confidence that there will not be the second wave of devaluation of tenge, the agency reports citing the press service of the bank.

Almaty. July 16. Kazakhstan Today - JSC Company ATF Bank expresses confidence that there will not be the second wave of devaluation of tenge, the agency reports citing the press service of the bank.

"The bank is confident that there will not be the second wave of devaluation of tenge and that timely and effective measures undertaken by the National Bank ofc Kazakhstan, including devaluation of tenge carried out on February, 4th, 2009 were quite productive and sufficient for stabilization of the economy of Republic Kazakhstan. At the moment, we cannot see any preconditions for the second wave of devaluation of tenge," the bank's press service informs.

ATF Bank informed that the information that its management spread a rumor about the second wave of devaluation is not true. "JSC ATF Bank officially declares that this is not true and that ATF Bank has never given such advice to its clients and never said about possible second wave of devaluation of tenge," the bank's press service informed.

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