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Kazakhstan developed SALT effective deposit insurance system Kazakhstan News

Kazakhstan developed SALT effective deposit insurance system

The State Kazakhstan Deposit Insurance Fund has developed a cutting edge software system named SALT. Over its history, the fund has successfully returned deposits to customers of three liquidated banks such as, Komirbank, Nauryzbank, and Valyut-Tranzit Bank. According to the chairperson of the Fund Bakhyt Mazhenova, bankruptcy of the Valyut-Tranzit Bank caused major problems, because the number of its depositors exceeded more than 265,000. January 21 2014, 12:23 2 160 views