Banking System Restructuring in Kazakhstan

June 1, 1998

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David S. Hoelscher Banking System Restructuring in Kazakhstan, (USA: International Monetary Fund, 1998) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1998/096
Stock No:

WPIEA0961998
ISBN:

9781451851885
ISSN:

1018-5941

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