Kazkommertsbank JSC

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

Fitch upgrades Kazakh BTA Bank’s ratings, affirms Kazkommertsbank's ratings

Baku, Azerbaijan, August 18 By Elena Kosolapova - Trend: International Rating Agency 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), ... [Published Wall Street Business Network - Aug 18 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 Aug 13 2014 - Updated Aug 13 2014 - 1 reports

KAZKOMMERTSBANK AO : Kazakh 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 13 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

KAZKOMMERTSBANK AO : announces interim results of common shares buyback

8 August 2014, Almaty, Kazakhstan . - Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia ("the Bank"), announces that on 7 August 2014 at 18:00 it stopped accepting buyback Acceptance Notices from shareholders on the buyback of common ... [Published 4 Traders - Aug 08 2014]
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 25 2014 - Updated Jul 25 2014 - 1 reports

WEEKLY REVIEW: Government of Kazakhstan to control home prices, increase spending on science

ASTANA. KAZINFORM - The Government of Kazakhstan will control home prices ahead of the EXPO-2017 event in Astana. Kazakhstan also plans to raise expenditures on science by attracting investments from private sector.On Tuesday, July 22, Chairman of the ... [Published Kazinform - Jul 25 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]

Quotes

...a solution that will make their business more mobile, and the goods and services more affordable for their clients', said Ali Agan , CEO of Kcell . "This is also a very important development for the company, which opens for Kcell the new market of mobile financial services with new opportunities for our business" , he continues
"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."
"Of course, there will be a home prices increase ahead of the EXPO-2017 event in Astana. The question is in what district of the city" he said
"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

More Content

All (27) | News (23) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (3) | Press Releases (0)
sort by: Date | Relevance
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]
KAZKOMMERTSBANK AO : Kazakh SamrukKazyna decrea... [Published 4 Traders - Aug 13 2014]
KAZKOMMERTSBANK AO : announces interim results ... [Published 4 Traders - Aug 08 2014]
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]
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]
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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