Banks’ Overseas Debt is Half of Peak Figure
By Daniyar Sikhimbayev
The banking sector has halved its international debt from $46 billion at the height of the financial crisis in 2008 to $23 billion today, the head of the central bank said.
Grigory Marchenko said banks’ cumulative foreign assets are $22 billion, just a shade below their combined foreign debt.
When two banks that defaulted in 2009 complete their restructurings this year, the banking sector’s overseas assets will exceed its international debt, Marchenko said, kazinform.kz reported.