Basel III likely to create further consolidation in Kazakh banking sector


Basel III's higher capital and liquidity requirements will pressure Kazakhstan's banks to further consolidate as the difficult business environment shows no signs of ending, according to those involved in the sector.

The National Bank of Kazakhstan announced at the start of the year plans to begin implementing Basel III in the country from 2015, with the regulatory framework set to be put in place by July.

Kazakhstan has the world's worst non-performing loan (NPL) ratio of around 30%, a legacy o

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