News and analysis from Kazakhstan - Dec 04th 2008
business and economy
Temirbank repaid $130 ml loan to Standard Bank
Temirbank, the 7th largest Kazakh bank, has repaid Standard Bank loan of $130 million, Kazakhstan Stock Exchange (KASE) reported.
“On June 23, 200 the bank paid off the loan borrowed from Standard Bank Plc to the total of 130 ml US dollars plus an accrued interest of 4.634 ml US dollars,” KASE said in a statement.
Kazakhstan’s second-largest bank, BTA, has a controlling stake in the retail-focused Temirbank. BTA has announced that it plans to sell the bank to a strategic buyer this year.
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