/REUTERS, November 22, 06/ - The new strategy of the work of European bank of reconstruction and development (EBRD) in Kazakhstan offers the active part in promotion of direct and portfolio foreign investments in the banking sector, the bank informs.

The strategy also provides funds to the bank themselves, including, medium Kazakhstan financial institutes in terms of size, and the assistance in development of the financial services out of borders of big cities.

EBRD also intends to invest funds in projects concerning the increase of energy efficiency in all sectors of the economy and to support development of infrastructure, it is said in the message, published in the site of the bank at www.ebrd.org.

The text of the strategy has not been published yet.

Currently EBRD is a shareholder of two big banks - Kazkommertsbank and TuranAlem. Besides, shareholders of ATFBank carried out negotiations on selling of EBRD shares holding.

[2006-11-22]