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Northeast Asia

New Silk Road Finance Awards 2017 CEE: Best local bank for BRI

Tsesnabank

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BELT AND ROAD          

In Kazakhstan, one of the key Belt and Road countries, Tsesnabank is already emerging as a leading partner for foreign and domestic companies engaged in cross-border business with China.

Tsesnabank has more than quadrupled its share of the Kazakh market to 8.1% since the start of the decade. It is on course to boost this presence still further with the purchase in April of a controlling stake in Bank CenterCredit from South Korea’s Kookmin bank. A merger would create a lender second in size only to Halyk Bank, the Kazakh market leader.

Kazakhstan-Astana-160 

The Kazakh government has emerged as a supporter of the Belt and Road Initiative.

The

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