Kazakhstan eyes bank lending alternative

Author: Gemma Varriale | Published: 25 Oct 2011

Kazakhstan’s private equity market is set to benefit from a decline in bank lending, with its government reforming regulations to make the country more attractive to project finance investors.

"There are lots of opportunities because businesses require cash, they require financing and banking at the moment is not in good shape," said Maxim Telemtayev, head of White & Case’s Kazakhstan office.

In the last decade, most companies relied on...