Kazakh bank to open office in Tashkent

By  Trend

The People's Bank of Kazakhstan (Halyk Bank) is considering opening a subsidiary bank in Uzbekistan, Reuters reported.

The bank, whose assets amount to $ 26 billion, can establish a "daughter" in Tashkent in a year and a half , Chairman of the Board of the Bank Umut Shayakhmetova said.

The bank already has divisions in Russia, Georgia and Kyrgyzstan

"We are at the stage of studying the market, communicating with the regulator and understanding what they want to do," she said.

Halyk Bank is one of Kazakhstan's leading financial services groups and a leading retail bank with the largest customer base and distribution network among Kazakhstan banks. Halyk Bank is a part of Halyk Group, Kazakhstan's universal financial group.