27/04/2017 - Kazakh Banks Recover

Fitch Ratings has declared that the outlook for the Kazakh banking sector will keep improving if the government continues to focus on increasing asset quality, while the economy recovers due to a slight increase in oil prices. However, the Kazakh finance sector remains far from stable and will be subject to asset quality reviews and stress testing later this year. Although the situation is improving the risks for bank creditors remain substantial, particularly if the banks experiences losses as the creditors may have to provide cash to stabilise the capital base.

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