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Resources of fund of stressful assets to be returned to budget in case stabilization of situation

23.06.2009 2060

Astana. June 23. Kazakhstan Today - In case of stabilization of the situation in the banking sphere of Kazakhstan, the resources of the fund of stressful assets of Kazakhstan will be returned to the budget. The Minister of Finance of Kazakhstan, Bolat Zhamishev, informed at the joint session of the Chambers of the Parliament of Kazakhstan, the agency reports.

"Quite probably, if the situation in the banking sphere is stabilized, all these resources of the fund of stressful assets will be simply returned to the budget," B. Zhamishev informed.

He reminded when the fund of stressful assets was created, it was needed to be used for improvement of a credit portfolio of the banks of the second level. The government intended to use the fund's resources for the designated purpose."

"I absolutely agree that the fund's resources have not been used how they were planned to be used," the Minister of Finance said.

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