site.news_by_theme BTA Bank
Purchase of BTA by Halyk Bank and sales of Halyk Bank’s pension fund [to the Government] should be separate deals: Halyk Bank Chairman of the Board Alexander Pavlov.
Halyk Bank has entered negotiations over the offer to purchase BTA. The due diligence is under way.
London’s High Court has approved the sale of property of the former BTA Bank’s chairman Mukhtar Ablyazov in Great Britain.
In case of this deal Halyk will become the biggest Kazakhstan bank by assets and its market share will make over 25 percent.
February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the earlier bailed-out banks within a year’s time.
London's High Court has made more rulings in favor of BTA Bank in the process against Ablyazov and his accomplices.
Great Britain's Supreme Court has dismissed the appeal of ex-chairman of Kazakhstan's BTA Bank Mukhtar Ablyazov.
BTA Bank announced planned changed in the board in relation to completion of the restructuring procedure.
February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.
President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.
According to the Minister, Kazakhstan has a right to defend its reputation against media campaigns run by the exile ex banker Mukhtar Ablyazov who is deliberately tarnishing the nation’s image in the media.
The injunction issued by the Bankruptcy Court on January 3 blocks any enforcement of debts against the bank or its property in the U.S.
The issue of BTA Bank’s restructuring will be closed in Almaty financial court on December 28.
London’s High Court has made a ruling against Mukhtar Ablyazov in two $2 billion civil lawsuits of Kazakhstan's BTA Bank.
It is difficult to imagine a party to commercial litigation who has acted with more cynicism, opportunism and deviousness towards court orders than Mr Ablyazov: Court of Appeals.
BTA Bank and ICBC, the world’s biggest bank by assets, agreed to open a correspondent account of BTA Bank in ICBC Almaty.
46 criminal cases have been initiated in Kazakhstan by a special prosecutor against Mukhtar Ablyazov who is accused of siphoning off over $5 billion out of BTA Bank.
BTA is expecting arrival of the creditors commission in Almaty for a meeting to discuss results of due diligence next week.
The obligation to disclose the information about the client would deprive him from the right to legal priviledge: Judge.
It is striking that fears for Ablyazov’s personal safety on which he now relies so heavily were voiced only after judgment was given in the committal proceedings: Judge.
- Halyk Bank
- Great Britain
- Mukhtar Ablyazov
- pension fund
- Samruk Kazyna
- Nursultan Nazarbayev
- Foreign Ministry
- United States
- Asia Pacific