NUR-SULTAN (Reuters) – The European Bank for Reconstruction and Development (EBRD) may help Kazakhstan boost the capital of the local subsidiary of Russia’s Sberbank if the Central Asian nation buys it, EBRD President Odile Renaud-Basso said.
Renaud-Basso said the EBRD was aware of talks between Sberbank, which has been hit by Western sanctions, and Kazakh state holding company Baiterek, but had no plans to take part in the possible initial sale of the unit to Kazakhstan.
Renaud-Basso made the comments to reporters on the sidelines of a foreign investor conference in Kazakhstan.
(Reporting by Tamara Vaal; Writing by Olzhas Auyezov; Editing by Bradley Perrett)
