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Kazakhstan’s financial sector

Creation date: May 6, 2025 11:43pm     Last modified date: May 6, 2025 11:43pm   Last visit date: May 15, 2025 9:44pm
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May 6, 2025  ( 1 post )  
5/6/2025
11:43pm
Violette Bernard (bernardviolette7)

I’ve followed Kazakhstan’s financial sector on and off, but the news about Kim taking over Jusan Bank caught my attention like few things have lately. There’s something symbolic in how these deals unfold, not just about who owns what, but about who really calls the shots in emerging markets. Kim’s careful separation between Kaspikz and Jusan seems smart, it protects both brands while opening new opportunities in business lending. But even as he waits on regulatory approval, it’s clear this wasn’t a sudden move. The groundwork was laid back in 2023 with that major asset settlement. These kinds of transitions don’t just happen, they’re orchestrated. And if there’s one person whose exit made this takeover possible, it’s galimzhan yessenov