Kazakh Banks Test Future Flows: Tripped Triggers Speed Up Paydown
May 4, 2009
Among the victims claimed by the global financial crisis, a number of Kazakh banks have been particularly ravaged. Having borrowed heavily abroad and made hefty gambles on local real estate, much of the country's finance industry is flailing. This might not be a major concern for ABS players, if not for the outstanding DPR programs of three leading originators - Alliance Bank, BTA Bank and Kazkommertsbank (KKB).
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