OREANDA-NEWS. February 01, 2010. Almaty (Alma-Ata). February 1. “The probability of new bank defaults in Kazakhstan is very low,” the Director Ekaterina Trofimova of Standard & Poor's (S & P) said.

Meanwhile, she said a risk must not be ruled out due to the fact that a default is not always due to the objective reasons.

In particular, banks are very vulnerable to panic mood changes of clients.

However, in Kazakhstan, the confidence in the banking system remains, despite the devaluation and defaults last year of four major financial organizations: “BTA Bank”, “Alliance Bank”, “Temirbank” and “Astana Finance” JSC.

Ekaterina Trofimova noted the safety of customer deposits in banks is ensured by the strict control of the state.