First Heartland Jýsan Bank and First Heartland Bank successfully complete merger

02.09.19 15:39
/KASE, September 2, 2019/ – First Heartland Jýsan Bank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated September 2, 2019: quote The merger of Jýsan Bank and First Heartland Bank is successfully completed. As a result, the total assets of the united bank – First Heartland Jýsan Bank – amounted to KZT1.264 trln. The bank's equity rose by 14% – to KZT144 bn, and clients' funds exceeded KZT620 bn. "The united bank will provide competitive services on account of the synergy of the corporate client base of First Heartland Bank and developed product line of Jýsan Bank. This consolidation of two mutually supplementing businesses will allow us to restore leading positions in the sphere of banking service", – says the Chairman of the Management Board of "First Heartland Jýsan Bank" JSC Bekzhan Pirmatov. According to the executive, the merger of the two banks was planned as part of the new business strategy aimed for restoring clients' trust and provision of the best financial instruments and services to the public. unquote This press release is available (in Kazakh and Russian) on – http://kase.kz/files/emitters/TSBN/tsbn_reliz_020919_1.pdf [2019-09-02]