First Heartland Jusan Bank announces early return of 100 bn tenge of state aid

10.04.24 12:47
/KASE, April 10, 2024/ – First Heartland Jusan Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated April 9, 2024: quote First Heartland Jusan Bank JSC (Jusan Bank) on April 9, early redeemed an issue of subordinated bonds worth 100 bn tenge held by SWF Samruk-Kazyna. Thus, the bank made a voluntary early return of the stated aid received earlier. "Since the return of Jusan Bank to the Kazakh jurisdiction in mid-2023, the bank has carried out a lot of work to improve business processes, optimize costs, increase the efficiency and profitability of the business. This entire set of works has allowed the bank, as a financially stable and socially responsible Kazakh institution, a reliable partner of the state to carry out an early return of part of the state aid," commented the Chairman of the Board of Directors of Jusan Bank, Galimzhan Yessenov, on the decision. unquote The complete press release is available on – [2024-04-10]