BTA Bank (Kazakhstan) sells controlling shareholding to Fund of national wellbeing Samruk-Kazyna
02.02.09 18:06
/KASE, February 2, 09/ - BTA Bank (Almaty), securities of which are listed on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release as
follows:
Quotation beginning
Taking into consideration depreciation of economy in the last three months, the
Government accepted an offer of the Agency of the Republic of Kazakhstan on
Regulation and Supervision of Financial Market and Financial Organizations on
redemption of a controlling block of shares in BTA Bank.
Shares will redeemed through an additional emission of 29,915,425 common
shares at a price KZT8,401 a share. The entire volume of the emission will be
redeemed by the Government in the person of Fund of national wellbeing
Samruk-Kazyna, as a result the bank will receive KZT251,319,485,425 of
additional capital.
The Government announces, it will continue in future to render support to BTA
Bank, of the fundamental financial institutions of the country. Arman Dunaev,
deputy chairman of the management board of Samruk-Kazyna said: "The
Government is planning to support BTA Bank in future", which is a fundamental
bank in Kazakhstan and is playing an important role in crediting of
a non-primary sector. The State will ensure BTA Bank is participating in all
state programs".
Arman Dunaev, deputy chairman of the management board of Fund of national
wellbeing Samruk-Kazyna has been appointed a member of the Board of
Directors. Anvar Saydenov former CEO of the National Bank of the Republic of
Kazakhstan, has been appointed an Advisor to Chairman of the management
board of BTA Bank Roman Solodchenko.
In spite of shift of a shareholder, BTA Bank is meeting all its obligations,
and crediting population and economy in the normal mode, servicing client
accounts, accepts and pays deposits of legal entities and individuals.
Shareholders and management of the financial institution intend to retain for
BTA Bank a status of a leader of the national banking system and take measures
for development in the future.
The Bank has sufficient liquidity margin and is remaining a reliable partner for
the state, its clients and foreign financial institutions.
Contact Media:
Adyl Dosymov, BTA Bank Press Secretary
8 (727) 266 47 97,
8 707 3457619
E-mail: dosymov@bta.kz
Quotation end
[2009-02-02]