Kazkommertsbank JSC

Type: Company
Name: Kazkommertsbank JSC (Kazkommertsbank)
Nationality: Kazakhstan
Web Address: http://en.kkb.kz/
Fact Sheet: Fact Sheet for Kazkommertsbank
First reported 15 hours ago - Updated 15 hours ago - 1 reports

BTA tender offer results

of the BTA Bank common shares buyback23 September 2014, AlmatyAs a result of the buyback, 11,783,301,082 common shares were purchased from minority shareholders of BTA at the price of 0.24162 tenge per common share. Of this, 11,777,418,751 common shares ... [Published MoneyAM - 15 hours ago]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

BTA BANK AO : Kazkom and BTA received awards of J.P.Morgan for high quality of payment processing

Kazkom and BTA received awards of J.P.Morgan for high quality of payment processing 18.09.2014 14:19:22September 18, 2014, New York, Almaty - Kazkommertsbank and BTA Bank received prestigious international banking awards for high quality of payments ... [Published 4 Traders - Sep 19 2014]
First reported Sep 04 2014 - Updated Sep 04 2014 - 1 reports

JSC Kazkommertsbank : Results of 2nd buyback

Kazkommertsbank announces resultsof the second part of common shares buyback04 September 2014, AlmatyAs a result of the buyback, the Bank will purchase 30,676,656 common shares, of which 1,676,656 common shares will be bought back from the minority shareholders ... [Published Investegate - Sep 04 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Fitch Ratings affirms KazTransOil at 'BBB', outlook stable

Fitch Ratings has affirmed Kazakhstan -based JSC KazTransOil's (KTO) Long-term foreign currency Issuer Default Rating (IDR) at 'BBB' with a Stable Outlook. A full list of rating actions is below.KTO's ratings reflect its strong operations and credit profile, ... [Published HispanicBusiness.com - Aug 29 2014]
First reported Aug 20 2014 - Updated Aug 20 2014 - 1 reports

TeliaSonera - Mobile payment now available in Kazakhstan

Release date- 18082014 - Mobile payment is an important step for Kazakhstan because it offers small and medium businesses a solution that will significantly improve their sales and turnover.TeliaSonera's subsidiary Kcell is the first operator to offer ... [Published 4 Traders - Aug 20 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Tax payments relating to share buyback

Almaty, Kazakhstan - Joint-Stock Company Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces that the Bank will deduct withholding tax from payments made to shareholders ... [Published MoneyAM - Aug 19 2014]
First reported Aug 18 2014 - Updated Aug 19 2014 - 2 reports

BTA Bank AO : Fitch upgraded BTA Bank’s rating to B–/B

Fitch upgraded BTA Bank's rating to B-/B 18.08.2014 17:54:39Almaty, August 18, 2014 - Fitch Ratings international rating agency upgraded long-term and short-term issuer default ratings (hereinafter - IDR) of BTA Bank JSC (hereinafter - the Bank) in national ... [Published 4 Traders - Aug 19 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

Fitch upgrades BTA Bank to 'B-', maintains on RWP; affirms KKB at 'B'

Fitch Ratings has upgraded Kazakhstan -based BTA Bank's Long-term Issuer Default Ratings (IDRs) to 'B-' from 'CCC' and maintained them on Rating Watch Positive (RWP).The upgrade of BTA's Long-term IDRs to 'B-' from 'CCC' reflects Fitch's opinion of the ... [Published HispanicBusiness.com - Aug 19 2014]
First reported Aug 17 2014 - Updated Aug 17 2014 - 1 reports

Kazkommertsbank AO : SamrukKazyna decreases its share in Kazkommertsbank.

National sovereign fund SamrukKazyna decreases its stake in Kazakh Kazkommertsbank as the bank completes its first part of shares buyback under the Option Agreement. The agreement assumes that the bank will purchase 78,281,769 its common shares, of which ... [Published 4 Traders - Aug 17 2014]
First reported Jun 09 2014 - Updated Jun 09 2014 - 1 reports

EGM Announcement

Kazkommertsbank JSC announces Extraordinary General Shareholders MeetingThe Board of Directors of Kazkommertsbank ("the Bank"), situated at 135zh, Gagarin Ave., 050060, Almaty, Kazakhstan, decided at its meeting on the 6 th June 2014 that it will convene ... [Published TrustNet - Jun 09 2014]
First reported May 14 2014 - Updated May 14 2014 - 1 reports

1st Quarter Results

14 May 2014, Almaty, Kazakhstan - JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces its audited consolidated IFRS financial results for the period ended 31 March ... [Published TrustNet - May 14 2014]
First reported Apr 08 2014 - Updated Apr 08 2014 - 1 reports

KKB FY 2013 results

08.04.20148 April 2014, Almaty, Kazakhstan - JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, today announces its audited consolidated IFRS financial results for the year ended ... [Published TrustNet - Apr 08 2014]

Quotes

The Bank's shares are on official list of "Kazakhstan Stock Exchange» JSC (KASE). Global depository receipts underlying assets are shares of the Bank (GDR), are listed on the London Stock Exchange (LSE). Bank was the first among the CIS banks completed an IPO in GDR form on the London Stock Exchange in November 2006, totaling 845 million US dollars."
"In the past, when we offered additional services to our customers, they would say they'd surely love to, but didn't have enough cash and there was no ATM around. Now, that I have a K-Pay mobile terminal, I will not miss out on chances to earn extra income" , says Alexandra Krenz , owner of a beauty parlour in Almaty and the first client of the K-Pay project
"We estimate BTA's NPLs, net of specific IFRS reserves, at a high 88% of FCC . Despite the relatively high 25% FCC /risk-weighted assets ratio at end-1Q14, capitalisation is weakened by the fact that 60% of FCC relates to the fair-value adjustments (reductions) to BTA's low-rate liabilities, which will have to be accrued back through the income statement."
" We are pleased to report another year of solid results. The Bank's key operating indicators have improved and net profit for the year 2013 doubled compared to the net profit in 2011."

More Content

All (21) | News (17) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
sort by: Date | Relevance
BTA tender offer results [Published MoneyAM - 15 hours ago]
BTA BANK AO : Kazkom and BTA received awards of... [Published 4 Traders - Sep 19 2014]
JSC Kazkommertsbank : Results of 2nd buyback [Published Investegate - Sep 04 2014]
Fitch Ratings affirms KazTransOil at 'BBB', out... [Published HispanicBusiness.com - Aug 29 2014]
TeliaSonera - Mobile payment now available in K... [Published 4 Traders - Aug 20 2014]
Tax payments relating to share buyback [Published MoneyAM - Aug 19 2014]
Fitch upgrades BTA Bank to 'B-', maintains on R... [Published HispanicBusiness.com - Aug 19 2014]
BTA Bank AO : Fitch upgraded BTA Bank’s rating ... [Published 4 Traders - Aug 19 2014]
Fitch upgrades Kazakh BTA Bank’s ratings, affir... [Published Wall Street Business Network - Aug 18 2014]
Kazkommertsbank AO : SamrukKazyna decreases its... [Published 4 Traders - Aug 17 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]
Biography for Sauat M Mynbayev [Published Silobreaker - Nov 12 2011]
Fact Sheet for Astel AO [Published Able2Act - Apr 20 2008]
Fact Sheet for Kazkommertsbank [Published Able2Act - Apr 18 2008]
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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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