Kazakhstan works new plans to boost mortgage market | glObserver Global Economics


Next fears emerged in February that that the tenge will suffer devaluation in view of worsening economic factors and Russia’ s financial slump, Kazakhstan’s government is taking aggressive steps to stabilize the country’s financial situation.

Source: globserver.cn

Back in December some Kazakhstan-based banks suspended their mortgage programs denominated in the tenge, the country’s national currency. Experts assigned the problem to shortages of tenge. Later Kairat Kelimbetov, the Central Bank Governor, announced that banks would resume their lending operations in a little while.

See on Scoop.itglObserver Asia

Author: globserver

Director of Eyecom china

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