TheCommittee on Regulation of Natural Monopolies and Protection of Competitionunder the Ministry of National Economy of the Republic of Kazakhstan allowedJSC Kazkommertsbankto acquire a more than 50% stake in CJSC BTA Bank, Kapital.kz reported July 22.

Theshares of the Belarusian bank will be transferred to Kazkommertsbank as part ofa debt repayment on a credit line.

Thedeal should be completed within one year from receiving a positive decision bythe antimonopoly authority, the news report noted.