ATFBank JSC (Kazakhstan) about making a $100 m. debut deal of incoming payments securitization

06.04.06 17:25
/KASE, April 6, 06/ - ATFBank JSC (Almaty) has spread press-release saying: Quotation start ATFBank JSC has successfully completed a debut deal on incoming payments securitization for a total of USD100 m. The funds have been borrowed for 5 years and will be spent on financing of mid-term projects of the bank's clients. West LB acted as the organizer of the deal. Moody's assigned "Baa3" rating to this deal. ATFBank JSC is a universal financial institution offering to its clients services on leasing, insurance and pension provision, rendered by companies- partners: ATF - Leasing, ATF-Policy and APF Otan. At present 18 branch offices and 16 cash-settlement offices of the bank are functioning in Kazakhstan. ATFBank has a bank-partner in Kyrgyzstan - Energobank OJSC, and a representative office in Moscow and plans to purchase commercial bank Siberia in Omsk. ATFBank is the fourth financial institution of Kazakhstan by the size of assets. As of January 1 of 2006 the bank's assets totaled over bn. 600 m. US dollars, equity capital is equal to about 290 m. US dollars, and profit totaled over USD32 m. The bank's loan portfolio - over 1 bn. 814 m. US dollars. ATFBank develops consumer crediting, finances big industrial ventures. It pays a special attention on financing small and medium Kazakhstan business, due to the Bank's funds as well as in cooperation with European bank for reconstruction and development (EBRD), German Credit institution for economic recovery (KfW), Asian Development Bank (ADB), The World Bank (WB). ATFBank is the first financial institution of Kazakhstan, which has received from EBRD authorities on independent management of small and medium business crediting process. ATFBank is a participant of EBRD's programs such as Trade Facilitation Program and Warehouse Receipt Program, the bank also actively cooperates with international export credit agencies. The tight partner relations with leading foreign banks let make quick transfer of funds around the world, serve cards VISA International, EuroСard/MasterCard, American Express, issue full range of own VISA cards. Development of new directions of business, decreasing of expenses and constant introduction of newest banking technologies - these are the tasks, which the bank faces regardless of the level of achievements. Quotation end [2006-04-06]