ATFBank JSC (Kazakhstan) about making a $100 m. debut deal of incoming payments securitization
06.04.06 17:25
/KASE, April 6, 06/ - ATFBank JSC (Almaty) has spread press-release saying:
Quotation start
ATFBank JSC has successfully completed a debut deal on incoming
payments securitization for a total of USD100 m.
The funds have been borrowed for 5 years and will be spent on financing of
mid-term projects of the bank's clients.
West LB acted as the organizer of the deal.
Moody's assigned "Baa3" rating to this deal.
ATFBank JSC is a universal financial institution offering to its clients
services on leasing, insurance and pension provision, rendered by companies-
partners: ATF - Leasing, ATF-Policy and APF Otan. At present 18 branch
offices and 16 cash-settlement offices of the bank are functioning in
Kazakhstan. ATFBank has a bank-partner in Kyrgyzstan - Energobank OJSC,
and a representative office in Moscow and plans to purchase commercial bank
Siberia in Omsk.
ATFBank is the fourth financial institution of Kazakhstan by the size of
assets. As of January 1 of 2006 the bank's assets totaled over bn. 600 m.
US dollars, equity capital is equal to about 290 m. US dollars, and profit
totaled over USD32 m. The bank's loan portfolio - over 1 bn. 814 m. US
dollars.
ATFBank develops consumer crediting, finances big industrial ventures. It
pays a special attention on financing small and medium Kazakhstan
business, due to the Bank's funds as well as in cooperation with European
bank for reconstruction and development (EBRD), German Credit institution
for economic recovery (KfW), Asian Development Bank (ADB), The World
Bank (WB). ATFBank is the first financial institution of Kazakhstan, which
has received from EBRD authorities on independent management of small
and medium business crediting process. ATFBank is a participant of EBRD's
programs such as Trade Facilitation Program and Warehouse Receipt
Program, the bank also actively cooperates with international export credit
agencies.
The tight partner relations with leading foreign banks let make quick
transfer of funds around the world, serve cards VISA International,
EuroСard/MasterCard, American Express, issue full range of own VISA
cards.
Development of new directions of business, decreasing of expenses and
constant introduction of newest banking technologies - these are the tasks,
which the bank faces regardless of the level of achievements.
Quotation end
[2006-04-06]