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Recent Russia research
|Russia: Geopolitical driver – negative turn, Christopher Granville, 15 Mar 2017|
|Russia: Jumbo tax reform, Christopher Granville, Madina Khrustaleva, 3 Mar 2017|
|Russia: More good news on the macro-policy front, Christopher Granville, Madina Khrustaleva, 8 Feb 2017|
|Russia: Pay attention to Kudrin, Christopher Granville, 31 Jan 2017|
|Russia-Saudi oil axis: Gain without pain, James Henderson, Christopher Granville, 19 Dec 2016|
See all our Russia research >>
Kazakhstan Quarterly: Moment of truth for the banking sector
Last summer’s credit crunch hit the Kazakh economy hard, particularly its overleveraged banking and property sectors. Government support helped the banks survive the sudden stop in capital inflows, but concerns about asset quality remain. There may yet be trouble ahead, with Alliance Bank looking most vulnerable.
The government can and will prevent any top-10 banks from failing, but the risk profile for the sector remains high given uncertainty over the character and timing of...