Accession of foreign investors into USPF capital impossible - NB head

Date: 09:22, 17-04-2014.

Almaty. April 17. KazTAG - Accession of foreign investors into the capital of Unified Saving Pension Fund (USPF) is impossible, said Kairat Kelimbetov, chairman of the National Bank.

"In today's configuration it is impossible. I can't imagine why banks or investors can be shareholders of the USPF if they will be the clients of the system," he said.

He reminded the USPF is 100% in the property of the Government, it is being managed by the central bank.

As reported, the representatives of  baking system proposed to permit accession of private investors in the USPF capital on April 11 at the session of the national investors' council chaired by Kazakhstani President Nursultan Nazarbayev.

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