Kazkommertsbank JSC

Type: Company
Name: Kazkommertsbank JSC (Kazkommertsbank)
Nationality: Kazakhstan
Web Address: http://en.kkb.kz/
Fact Sheet: Fact Sheet for Kazkommertsbank
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Kazakhstan to allocate $1.3bln through NPLs Fund for financial support of STB

Kazakhstan will allocate $1.3 billion through the Non-Performing Loans Fund for the financial support of the second-tier banks, Chairman of the National Bank of Kazakhstan Kairat Kelimbetov said during the CCS media briefing on Tuesday.These funds will ... [Published HispanicBusiness.com - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

KAZKOMMERTSBANK AO : Kazakh Kazkommertsbank launches third subsidiary for distressed assets management.

Kazkommertsbank launched a third subsidiary company for management of distressed assets, the bank has informed. The new entity is called KUSA KKB-3 LLP . The subsidiary will manage mainly commercial and residential real estate foreclosed on distressed ... [Published 4 Traders - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

New subsidiary established by JSC Kazkommertsbank

Kazakhstan and Central Asia based financial services provider JSC Kazkommertsbank (LSE:KKB) on Friday revealed that it has created a new wholly owned subsidiary. The new subsidiary, KUSA KKB-3 Ltd, will be purchasing loss-making assets of the bank, and ... [Published Individual.com - Jul 21 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

Kazkommertsbank establishes new subsidiary

JSC Kazkommertsbank (KKB), one of the largest banks in Kazakhstan and Central Asia, has created KUSA KKB-3, a wholly-owned subsidiary of the Bank.The subsidiary will be purchasing loss-making assets of the Bank.KUSA KKB-3 will be managing residential ... [Published MoneyAM - Jul 18 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Halyk Bank AO : S&P upgrades Kazakh Halyk Bank's rating to BB+ with stable outlook.

Standard & Poor's upgraded its long-term counterparty credit rating on Halyk Bank to BB+ from BB. The outlook on the rating is stable. At the same time, the agency affirmed the B short-term rating and assigned kzAA- Kazakhstan national scale rating to ... [Published 4 Traders - Jul 17 2014]
First reported Jul 14 2014 - Updated Jul 14 2014 - 1 reports

Kazkommertsbank EGM approves remuneration and terms of payment to member of Board of Directors

Kazakhstan and Central Asia based financial services provider, Kazkommertsbank on Friday revealed that it held its Extraordinary General Meeting on 11 July 2014.At the EGM shareholders of the bank approved remuneration and terms of its payment for DV ... [Published Individual.com - Jul 14 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

KAZKOMMERTSBANK AO : BTA Bank complete merger in Kazakhstan

ALMATY (TCA) — Kazkommertsbank (KKB), one of the largest banks in Kazakhstan and Central Asia , has announced the completion of the acquisition of BTA Bank shares.In accordance with previous agreements, on 30 June, 2014 , Kazkommertsbank and Kenes Rakishev, ... [Published 4 Traders - Jul 09 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

BTA Weighs Foreign Sales Abroad as New CEO Shifts Focus

BTA Bank, the twice-defaulted Kazakhlender acquired by Kazkommertsbank and businessman Kenges Rakishev, will pivot toward its home market as it weighs a saleof foreign assets, Chief Executive Officer Magzhan Auezov said.“Our focus is on the domestic market,” ... [Published Bloomberg - Jul 09 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 2 reports

Samruk-Kazyna completes deal on selling 93% of shares of BTA Bank

Samruk-Kazyna JSC has completed deal on selling 93% of ordinary shares of BTA Bank to the Kazkommertsbank and Kenes Rakishev. Transaction resulted in that new shareholders now hold 46.5% of the ordinary shares of BTA Bank JSC.... ... [Published Street Sweeper - Jul 07 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

KAZKOMMERTSBANK AO : launches pay-pass system in Kazakhstan.

Kazkommertsbank launched contactless payment system in Kazakhstan , the bank's managing director Nurlan Zhagiparov has informed. The system uses mobile phones and is currently available only for MasterCard holders.Zhagiparov informed that all the users ... [Published 4 Traders - Jul 01 2014]
First reported Jun 26 2014 - Updated Jun 26 2014 - 1 reports

Kazkommertsbank, BTA Bank start merging ATM systems

ALMATY. June 26 (Interfax) - Kazakhstan's BTA Bank and Kazkommertsbank have started to integrate their ATM systems.On June 25, the banks canceled additional cash withdrawal fees, KKB said in a press release."The availability of ATMs for BTA customers ... [Published Interfax.com - Jun 26 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 1 reports

JSC Kazkommertsbank : Management Board Changes

JSC Kazkommertsbank notifies of changes in members of its Management BoardJune 25, 2014 - JSC Kazkommertsbank notifies of changes in the members of its Management Board and of the appointment of five new Members of the Management Board being Managing ... [Published Investegate - Jun 25 2014]

Quotes

"Starting from 1 January 2016 , the maximum level of 10% of problem loans will be a prudential standard. That is, if this standard is not met, we will revoke the license of the bank" the central bank head said
"We understand the Brazilian credit bureau has seen significantly lower volumes on Brazil match days - the longer Brazil remain in the tournament the longer this will continue" Liberum said in a note put out before the host country's 7-1 spanking at the hands of Germany
"We are pleased that we were able to complete such a large and complex transaction in a timely manner. Today's event was the next major milestone in the implementation of our strategy, which is aimed at strengthening KKB's position as one of the leading universal financial institutions in Kazakhstan and Central Asia. Now, together with other shareholders, we will focus on the process of integrating the two banks and reducing the level of non-performing loans. We believe that this transaction will have a lasting positive effect on Kazakhstan's banking system and will improve its resilience to economic cycles."
"The availability of ATMs for BTA customers has increased by 150%. Cancellation of fees will save more than a hundred tenge per transaction for the clients of both banks" said the bank (183.51 tenge/$1 on June 26)

More Content

All (32) | News (28) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
sort by: Date | Relevance
Kazakhstan to allocate $1.3bln through NPLs Fun... [Published HispanicBusiness.com - Jul 23 2014]
KAZKOMMERTSBANK AO : Kazakh Kazkommertsbank lau... [Published 4 Traders - Jul 22 2014]
New subsidiary established by JSC Kazkommertsbank [Published Individual.com - Jul 21 2014]
Kazkommertsbank establishes new subsidiary [Published MoneyAM - Jul 18 2014]
Halyk Bank AO : S&P upgrades Kazakh Halyk Bank'... [Published 4 Traders - Jul 17 2014]
Halyk Savings Bank of Kazakhstan Upgraded To #B... [Published Newswit.com - Jul 16 2014]
Kazkommertsbank EGM approves remuneration and t... [Published Individual.com - Jul 14 2014]
Friday preview: Experian to report on challengi... [Published BullBearings - Jul 10 2014]
KAZKOMMERTSBANK AO : BTA Bank complete merger i... [Published 4 Traders - Jul 09 2014]
BTA Weighs Foreign Sales Abroad as New CEO Shif... [Published Bloomberg - Jul 09 2014]
Samruk-Kazyna completes deal on selling 93% of ... [Published Street Sweeper - Jul 07 2014]
BTA BANK AO : Samruk-Kazyna completes deal on s... [Published 4 Traders - Jul 07 2014]
Completion of acquisition of BTA Bank shares [Published MoneyAM - Jul 04 2014]
KAZKOMMERTSBANK AO : launches pay-pass system i... [Published 4 Traders - Jul 01 2014]
Kazkommertsbank, BTA Bank start merging ATM sys... [Published Interfax.com - Jun 26 2014]
JSC Kazkommertsbank : Management Board Changes [Published Investegate - Jun 25 2014]
EGM Announcement [Published TrustNet - Jun 09 2014]
Result of AGM [Published TrustNet - May 23 2014]
Kazakh banking – devaluation, consolidation and... [Published open Democracy News Analysis - - May 17 2014]
1st Quarter Results [Published TrustNet - May 14 2014]
KKB AGSM announcement [Published TrustNet - Apr 17 2014]
KKB FY 2013 results [Published TrustNet - Apr 08 2014]
KKB to buy BTA [Published BvDEP Zephyr Editorial News - Feb 07 2014]
EGM announcement [Published TrustNet - Jan 20 2014]
Formal Notice [Published TrustNet - Dec 13 2013]
Preference shares dividends 2013 [Published TrustNet - Dec 05 2013]
3Q financial results [Published TrustNet - Nov 08 2013]
3Q 2013 conference call invitation [Published TrustNet - Nov 07 2013]
Changes to the Management Board [Published TrustNet - Oct 31 2013]
Biography for Sauat M Mynbayev [Published Silobreaker - Nov 12 2011]
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KKB to buy BTA [Published BvDEP Zephyr Editorial News - Feb 07 2014]
Kazkommertsbank (KKB) has put pen to paper to acquire rival BTA Bank in partnership with Kazakh businessman Kenes Rakishev for around USD 1.00 billion, to wipe out troubled BTA’s bad debts still left over from the financial crisis.... ...
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