business and economy

Banking sector stagnant in 2010 - BTA head

(SRI) - Kazakh banks are unlikely to show significant asset growth and improvement of their credit portfolios this year, BTA Bank CEO Anvar Saidenov told financial news portal profinance.kz.

“This year will be difficult for our banking system. The problems that the banks have been combating the last two years cannot be solved overnight,” Saidenov said.

International capital markets will remain inaccessible to most banks, according to Saidenov.

“For local banks, [2010] will be a year of internal housecleaning,” Saidenov said, noting that most banks are likely to spend the year solving problems with their loan portfolios. “In 2011, I expect the revival of the Kazakh banking system, in terms of asset and credit growth.”

  • Share/Bookmark

Related articles

Discussion

No comments for “Banking sector stagnant in 2010 - BTA head”

Post a comment

ANALYSIS: Politics gets in way of hydropower investment in Central Asia
March 10, 2010
ANALYSIS: Banks still cautious about lending as Kazakh growth returns
March 2, 2010
ANALYSIS: Eurasian Development Bank seeks to build funds, links
February 23, 2010
ANALYSIS: Kazakh government struggles to help airlines off EU blacklist
February 6, 2010
ANALYSIS: A thaw in Kazakhstan as real estate prices rise again
January 19, 2010
ANALYSIS: Kazakhstan 2010: A transition year
January 13, 2010
Kazakhstan plans tighter regulation of financial sector
December 17, 2009
ANALYSIS: Stagnation in store for Kazakhstan’s banking sector
December 1, 2009
Central Asia’s electricity system falls apart
November 28, 2009
ANALYSIS: Kazakhstan prepares for return of good old commercial banking
October 27, 2009
ANALYSIS: Residential real estate: Good days in Kazakhstan still another 2-3 years off
October 22, 2009
ANALYSIS: Chinese investments in Kazakh energy worry Europeans
October 17, 2009
ANALYSIS: Kazakhstan’s railways to get $36-billion overhaul
October 4, 2009
ANALYSIS: Kazakhstan’s Islamic finance market starts to grow
October 2, 2009
ANALYSIS: A year of opportunity for Halyk Bank
October 1, 2009
Silk Road Intelligencer
Enter your email to sign up


 

January 2010
M T W T F S S
« Dec   Feb »
 123
45678910
11121314151617
18192021222324
25262728293031
Business New Europe
Minex Central Asia