EEMEA market round up: KKB opens subsidiary in Tajikistan
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BANKING

EEMEA market round up: KKB opens subsidiary in Tajikistan

Despite being caught up in the perceived vulnerability of Kazakh banks to the global credit crunch, Kazkommertsbank has established a 100% subsidiary in the fast-growing market of Tajikistan. Banking assets in Tajikistan grew 43% in 2006, with deposits and loans growth up 93% and 79%, respectively. Including the central bank there are 20 bank and credit societies registered in the country.

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