September 11, 2018 / 12:17 PM / 3 months ago

Kazakhstan's Tsesnabank says shareholders to boost capital by 40 bln tenge

ALMATY, Sept 11 (Reuters) - Tsesnabank, Kazakhstan’s second-biggest lender by assets, said on Tuesday that its shareholders would boost capital by 40 billion tenge ($105 million).

The lender said it was observing regulatory requirements, and was considering engaging Kazakhstan’s state-owned bad loan fund. ($1 = 380.5700 tenge) (Reporting by Olzhas Auyezov Writing by Tom Balmforth Editing by Polina Devitt)

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