/IRBIS, June 18, 2010/ - HSBC, acquired through its subsidiary bank DB JSC "HSBC Bank Kazakhstan" assets of the retail business Royal Bank of Scotland, JSC DB "RBS (Kazakhstan)" does not exclude the possibility of further purchases in Kazakhstan in the presence of competitive bids. The statement was made by Mr. Gani Uzbekov Vice-Chairman of the Board of DB JSC "HSBC Bank Kazakhstan" at a press conference in Almaty.

"This is the first transaction to acquire in Europe over the past 9 years, potentially will be others, depending on how the deal will go further, and how events will unfold in the region and country," - said Mr. Uzbekov.

He noted that the interests of the bank are distributed not only to banks but also to pension funds and so on"

Bank office in Kazakhstan after the completion of the transaction will be the fourth largest among the European countries where there is a group.

In turn, Mr. Saiman Munter Chairman of DB JSC "HSBC Bank Kazakhstan" noted that, nevertheless, a "buy now exhibited on sale of restructured banks, such as Temirbank, and plans are not part of HSBC."

[2010-06-18]