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HSBK will define its chief strategic partner by the end of February
14:10 02.02.2005
text: "Kazakhstan Today" views: [97] Related articlesHSBK will define its chief strategic partner by late March Marchenko says tax regime must be modified to diversify economy EBRD passes small business programme management to HSBK No devaluation should have been carried out TuranAlem deems announcing deal with Armenian Mezhinvestbank premature The Khalyk Savings Bank of Kazakhstan (HSBK) is going to choose a chief strategic partner out of a number of big European banks by the end of this February. Grigoriy Marchenko, HSBK's CEO, has stated this today, February 2, at a press conference in Almaty, KZ-today reports. Earlier it was reported that a strict partnership with one of European banks was a part of a new People's Bank strategy aiming at reaching European standards in the average term perspective. G. Marchenko has said that the number of the HSBK's potential partners have grown from three to four. "We plan to complete the deal with the future strategic partner in June," - he has stated. One of conditions of the deal is that the HSBK will sell 25% of its share holding to the future strategic partner. |
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