Subscribe to Updates in Financial & Business Services

RSS By Email

RSS By RSS

Add to Google Reader or Homepage

Subscribe in Bloglines


The Expertise Imperative and Compliance Technology
Access to a diverse array of specialized expert inputs drives superior decisions in every organizational context: within corporations, by investors and consultancies, and within nonprofits. When decision makers are confident of their decision inputs, they can respond more quickly and creatively to challenges and opportunities.Learn more about GLG's Compliance Framework


This page may include content provided by Council Members, your access to which is subject to the Terms of Use.
Find Out More

October 1, 2007

Kazahk banking system relatively heathy

Analysis of: Could Kazakhstan suffer a credit crisis? | www.financeasia.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Joe Garrett
Principal Consultant, Garrett, Watts & Co
Implications: There just was, and to an extent still is, a global credit crisis, and financial system in Kazahkstan seems to have weathered it.

Analysis: As has been proven very recently in the U.S. and U.K. (Northern Rock Bank), having a good base of deposits is much more reliable than the securitization market and other sources of funding.

Of the major Kazahk banks, KKB gets only 35% of its deposits from customers, and this number is insufficient to weather a tougher crisis.

JSC Halyk Bank, however, gets 69% of its funding base from customer deposits and should be able to weather most credit market storms.

Other Analyses of the Same Source Article:
Kazakhstan in a global context
October 1, 2007, Author: GLG Expert Contributor

Report a Concern

GLG News: What Experts Think Is Important





Analytics


Generated at 2008-12-02T05:45:17.627