Kazakh President Nursultan Nazarbeyv pledged that no bank would go bankrupt in the country. The statement came after rumors on possible bankruptcy of few largest banks in the country poped after dharp depreciation of Kazakh national currency KZT on
Nazarbayev reminded that the state prevented bankruptcy of BTA bank and other banks in 2009 because citizens held their savings there. He declared that similar measures could be taken now. The president also guaranteed the safety of deposits. After rumors on possible bankruptcy of the banks emerged, peopled rushed to the banks to withdraw their deposits. The way the authorities conducted sharp depreciation of KZT undermined people's trust in the
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