First Heartland Jýsan Bank and shareholder of ATFBank reach preliminary agreement on purchase by First Heartland Jýsan Bank of 99.76% of ATFBank shares

03.11.20 11:04
/KASE, November 3, 2020/ – First Heartland Jýsan Bank (Nur-Sultan) and ATFBank have provided the following joint press release dated November 3, 2020: quote On November 02, 2020, Almaty – Jusan Bank and G. Esenov, ATFBank’s shareholder, have reached a preliminary agreement on purchase of 99.76% of the shares of ATFBank by Jusan Bank. In November 2020, the Parties are going to sign the Contract on purchase and sale of the ATFBank’s shares within the signed Agreement. After signing of the Contract on purchase and sale, as well as its approval by the Agency of the RK on regulation and development of the financial markets, the existing shareholder of ATFBank will purchase the Jusan Bank’s shares within an additional issuance of Jusan Bank. After signing of the Contract on purchase and sale it is presumed that both banks will be working in the united format and within united strategy. In the course of transformations, all services of ATFBank will resume work in a standard mode that will keep and ensure an access for its clients to the current services of ATFBank fully. Jusan Bank is the subsidiary of Investment Company First Heartland Securities. Jusan Bank, apart from a wide range of the traditional bank services, develops its own ecosystem that combines the products and the services of the companies of Jusan Financial Group: brokerage services of Jusan Invest and insurance services of Jusan Garant. ATFBank is among the largest banks of Kazakhstan. During its 25-years history, ATFBank develops the universal profile, rendering a comprehensive range of the bank services for the clients of Private Banking and corporate sector all over Kazakhstan. For contacts: Jusan Bank Press-Service Tel.: +7 (727) 331-26-00 Ext.1215 E-mail: ATFBank Press-Service Tel.: +7 (701) 771-15-43 E-mail: unquote The press release is available (in Russian) on - [2020-11-03]