Daniyar Akishev, Chairman of the National Bank of the Republic of Kazakhstan, mentioned the much talked about merger of Qazkom and Khalyk Bank on February 22.
The question about the consolidation of the two Kazakhstani banks popped up at the online conference Akishev held in Almaty.
“The process of the merger is underway. We were told by the management, they aimed to complete it by the end of 2018. We hope everything goes according to the schedule,” the Chairman of the National Bank said.
The process of creating the country’s largest lender is a complex one and might take longer than expected, he stressed.
“We wish the banks success in their attempt to create a more stable bank,” Akishev said. (Kazinform/Business World Magazine)
