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 30 2014 - Updated Jul 30 2014 - 1 reports

Kazakh BTA Bank's main shareholders plans to buy its common shares [Trend News Agency, Baku, Azerbaijan :: ]

July 30--Kazakh Kazkommertsbank and Mr. Kenesh Rakishev plan to buy common shares issued by BTA Bank from other shareholders, Kazkommertsbank reported. Kazkommertsbank and Mr. Kenesh Rakishev extended an offer to the shareholders of BTA Bank to sell common ... [Published BusinessWeek - Jul 30 2014]
First reported Jul 27 2014 - Updated Jul 27 2014 - 1 reports

KAZKOMMERTSBANK AO : 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 27 2014]
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 04 2014 - Updated Jul 04 2014 - 1 reports

Completion of acquisition of BTA Bank shares

Kazkommertsbank and Kenes Rakishev announcecompletion of acquisition of BTA Bank shares In accordance with previous agreements, on 30 June, 2014, Kazkommertsbank and Kenes Rakishev each acquired 46.5% of BTA Bank's shares from JSC Sovereign Wealth Fund ... [Published MoneyAM - Jul 04 2014]

Quotes

"1,345-kilometers long section of the corridor is currently under reconstruction. Nearly 35,000 people have been hired to complete the reconstruction works" he said
" The National Bank and the Government of Kazakhstan have a political goal to reduce the level of problem loans to 10% before January 1, 2016 " the chairman 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
"Today we have turned the page not only in the history of the country's oldest financial institution - BTA Bank - but of the banking sector as a whole. This transaction has drawn a line under the crisis support package, which the government was forced to provide in order to rescue and stabilise Kazakhstan's banking system. Time has shown that this decision was the right one. I am glad that the ownership of BTA Bank ultimately landed in the hands of domestic investors. I am convinced that the new shareholders will make every effort to ensure that the bank takes only the best banking practices and experience into the future. I thank all BTA customers for their patience and support."

More Content

All (35) | News (31) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
sort by: Date | Relevance
Kazakh BTA Bank's main shareholders plans to bu... [Published BusinessWeek - Jul 30 2014]
KAZKOMMERTSBANK AO : launches third subsidiary ... [Published 4 Traders - Jul 27 2014]
WEEKLY REVIEW: Government of Kazakhstan to cont... [Published Kazinform - Jul 25 2014]
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]
1 2
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network

Blogs

sort by: Date | Relevance
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.... ...
1
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.