Kyrgyzstan approves new central bank chief

Kyrgyzstan's parliament on Thursday 18 May approved by majority vote the appointment of Marat Alapayev as chairman of the National Bank of Kyrgyz Republic, RIA Novosti reported.

"We are planning to ensure the security of bank deposits and protection of commercial secrets," Alapayev said after the vote, adding that he was looking to gradually introduce a series of protectionist measures to develop the Central Asian country's banking institutions.

"Last year, investment in the banking sector totaled

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