Published: December 9, 2013
Spokesperson cites inactivity as reason for withdrawal.
Kazakhstan’s Halyk Bank has withdrawn from NBK-Finance, a Russian subsidiary. Viktor Skryl, head of the bank’s international department, told EMEA Finance:
“It was a very small subsidiary in Russia with a broker-dealer licence. Due to inactivity we decided to cease our membership in it. For several years it has not been very active. Its assets were around US$1mn so it’s absolutely not comparable with those of Halyk Bank.”