CEO of Halyk Bank Umut Shayakhmetova believes that only reducing the base rate can supply the demand for long money the country needs for modernization and development. She made this statement while speaking at the conference «Financial Sector of Kazakhstan: 25 Years of Strategic Challenges.»
«It’s not an easy task to find borrowers if the base rate is high. Even though there is a big demand for long money for economic modernization and development, we are seeing fewer projects now and are mainly lending money to the trade for no longer than twelve months. We are...