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Kazakhstan's Alliance Bank's restructuring application approved
By Caroline Salls
Pittsburgh, Sept. 22 - JSC Alliance Bank said the Specialised Financial Court of Almaty has approved the bank's application for restructuring, effective Sept. 18, according to a news release.
The bank said the court's approval starts the restructuring process under the new bank restructuring legislation in Kazakhstan.
Alliance Bank is focused on small and medium enterprises and the retail segment. It is based in Almaty, Kazakhstan.
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