ABN Amro has completed a securitisation of residential mortgages originated in Kazakhstan in spite of volatile credit markets and concerns over the resilience of the country's banking sector and broader economy.

The $200m (€135m) sale of residential mortgage-backed securities by BTA Ipoteka, the mortgage lending subsidiary of privately held Bank TuranAlem, belies investors' reticence over high-risk securities, particularly those linked to mortgages.