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Trust to banking system kept owing to support rendered to BTA and Alliance banks

31.07.2009, 15:42 5221

Almaty. July 31. Kazakhstan Today - It was possible to keep trust to the banking system of the country owing to support rendered to BTA and Alliance banks. The chairman of the board of the Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, said, the agency reports citing the newspaper Panorama.

"The most important result of our support to BTA and Alliance banks is that the trust, as a whole, to the banking system of the country has not been lost," K. Kelimbetov said.

"Outflow of deposits from BTA and Alliance banks was very high - approximately $1.5 billion." "But this money flowed back to the National bank, Kazkommertsbank and other banks. If one of these banks had gone bankrupt, we would have had huge physical and image damage. The trust, as a whole, to the banking system would have been undermined," the head of the fund considers.

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