Banking System Restructuring in Kazakhstan
June 1, 1998
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Summary
This paper reviews financial restructuring in Kazakhstan, and the condition of the financial system in the period following independence. The authorities’ efforts to redress financial sector weaknesses fall into two phases: The first phase addressed the immediate crises in the banking system by slowing bank licensing, tightening prudential regulations, and dealing with large nonperforming loans. The next phase saw reforms to regulatory and institutional structures. The paper shows that, by the end of 1997, substantial reforms in the structure of the financial system had been accomplished and a major financial collapse avoided. However, the banking system had not begun to play an active role in financial intermediation.
Subject: Bank liquidation, Bank resolution, Banking, Commercial banks, Financial crises, Financial institutions, Loans, Nonperforming loans
Keywords: B. bank Licensing, Baltics, bank, bank liability, Bank liquidation, bank management, bank owner, Bank resolution, broad money, classified loan, Commercial banks, D. bank Supervision, Eastern Europe, loan, Loans, Nonperforming loans, nonviable bank, problem bank, procedure, restructuring program, risk management procedure, state bank, WP
Pages:
33
Volume:
1998
DOI:
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Issue:
096
Series:
Working Paper No. 1998/096
Stock No:
WPIEA0961998
ISBN:
9781451851885
ISSN:
1018-5941
