NMH "Baiterek" and Lesha Bank LLC (Public) completed deal on sale of Bereke Bank

09.10.24 14:15
/KASE, October 9, 2024/ – NMH "Baiterek" JSC (Astana), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote NMH "Baiterek" JSC and Lesha Bank LLC (Public) announce the completion of the transaction for the sale of 100 % of shares of Bereke Bank JSC. All terms of the agreement were successfully agreed upon by the parties. The transaction received all the necessary approvals from Kazakhstan's regulators, including the consent of the Agency for Regulation and Development of the Financial Market (ARDFM), issued in August for Lesha Bank to receive the status of a banking holding company and permission to acquire Bereke Bank. Bereke Bank JSC is one of the largest banks in Kazakhstan and will continue to fulfill all its obligations to clients. The bank maintains current terms for products for existing clients and will continue its activities as a commercial universal bank. At the moment, the bank demonstrates stable growth, observing the established standards for capital adequacy and liquidity. After the change of shareholder, it is planned to further strengthen the bank's position in the market. unquote This information is posted in Kazakh and Russian languages – https://kase.kz/files/emitters/BTRK/btrk_relizs_081024_None.pdf [2024-10-09]