Kazakhstan must be no more than 10-15 commercial banks - K. Kelimbetov

/IRBIS, November 11, 09/ - Kazakhstan must be no more than 10-15 commercial banks, "said Chairman of the Board of National Welfare Fund Samruk-Kazyna JSC Mr.Kairat Kelimbetov in his speech at the meeting of the Government of the Republic of Kazakhstan on the concept of financial development in Kazakhstan . Speech published today on the site of National Welfare Fund Samruk-Kazyna JSC. "By supporting thesis of Mr. Grigory M.A., I would say that maybe it's worth more radical approach to this figure. For example, start with at least KTZ 15 bn. Because, today, it's fact that people who have $ 20-30-40-50 mln are opening banks. But the responsibility, which then falls on shareholders of these banks disproportionately. And in my opinion, maybe not 37 banks in Kazakhstan should be and not more than 10-15, because we faced during the crisis with inadequate liability of shareholders to the activities in this sphere",- said K. Kelimbetov. In addition, the head of state fund proposed to introduce a ban on lending to related parties, and also operations in offshore zones. "We have seen enormous abuse was identified in the AFS Alliance and BTA banks. In my opinion, you can do to raise the question that if the projects are good at involving people, let them go to another bank. And it may be, generally prohibit the financing of related entities'', - stated in interview. [2009-11-11]