Bloomberg News

BTA Bank’s Capital Shortage Widened by $473 Million Last Month

December 28, 2011

Dec. 28 (Bloomberg) -- BTA Bank’s capital shortfall widened by 70.2 billion tenge ($473 million) last month, the Kazakh central bank said.

The liabilities of the lender, Kazakhstan’s biggest before it defaulted in 2009, exceeded assets by 232.6 billion tenge under international accounting standards as of Dec. 1, compared with a gap of 162.4 billion tenge a month earlier, the Almaty- based central bank’s financial oversight committee said in a monthly report on its website today.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net


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