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Bank CenterCredit completes sale of Russian subsidiary

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Bank CenterCredit completes sale of Russian subsidiary

said April11 that it completed the sale of its 100% holding in Russian unit .

Followingthe sale, Kazakhstan's financial market regulators terminated the lender's authorizationfrom 2006 to set up and run the Russian subsidiary.

CenterCreditsaid earlier in 2016 that its board of directors decided to sell the unit to a group of undisclosed Russian investors.