The second largest creditor in Kazakhstan took out a loan of 405 million dollars in the National Bank of the country

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Tsesnabank, the second largest in terms of assets creditor in Kazakhstan, reported receiving a short-term loan with the National Bank of Kazakhstan in the amount of 150 billion tenge to provide an additional liquidity reserve, finversia.ru wrote. The bank's message also says that it partially repaid a loan of 100 billion tenge on September 5 and will repay the remaining part of the loan in the near future at its own expense. The fall of Tsesnabank's liquid assets in the second quarter by 30.3% was the most significant among the 10 largest banks in Kazakhstan. Tsesnabank told Reuters that it gets rid of “expensive liquidity” against the backdrop of lower domestic interest rates.

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