10.12.2008, 10:08 2059

Samruk-Kazyna fund ready to begin negotiations with foreign investment banks

The chairman of the Fund of National Welfare, Kayrat Kelimbetov, said the Fund of National Welfare Samruk-Kazyna is ready to begin negotiations with foreign investment banks on the re-structuring of external debts of the Kazakhstan banks of the second level, the agency reports.

Astana. December 10. Kazakhstan Today - The chairman of the Fund of National Welfare, Kayrat Kelimbetov, said the Fund of National Welfare Samruk-Kazyna is ready to begin negotiations with foreign investment banks on the re-structuring of external debts of the Kazakhstan banks of the second level, the agency reports.

"We need to take into account the pressure of external debts of the Kazakhstan banks, which today makes more than $40 billion," K. Kelimbetov said.

He reminded that during the session of the Council of Foreign Investors the Prime Minister of Kazakhstan, Karim Masimov, noted that in the current situation the shareholders of the banks, including foreign investors should share their responsibility and losses.

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