Kazkommertsbank, Kazakstan’s largest and best-known commercial bank, is moving to acquire equity stakes in oil-related firms undergoing privatization. (Interfax, March 16) The bank intends to reduce the number of firms for which it is serving as the government’s official privatization consultant, so that it may participate in the tenders for ownership in the firms. This choice is necessitated by a combination of a March 4 government ruling that reduced the number of tenders in which the bank may serve as its official consultant, and pre-existing legislation that prohibits banks from serving both as consultants and purchasers of firms undergoing privatization.
The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at firstname.lastname@example.org, by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions