Astana Finance keen to sell its bank in Kazakhstan.

By bne IntelliNews September 14, 2011
Kazakh financial non-banking organization Astana Finance plans to sell its bank in Kazakhstan. To remind you, Astana Finance defaulted in spring 2009 during the financial crisis. The company signed a term sheet with the investors in 2009 but failed to conclude the debts restructuring process. The companys debt amounted to USD 1.7bn in 2009. In 2010, the companys chairmanship was changed and it presently represent the interests of national welfare fund SamrukKazyna. The companys bank, called Bank Astana-Finance is ranked 23rd in terms of assets in Kazakhstan.

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