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Halyk Bank top manager on purchase of BTA

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 top manager on purchase of BTA
BTA Bank. Photo courtesy of vesti.kz
Halyk Bank on purchasing BTA

Halyk Bank has entered negotiations over the offer to purchase BTA. The due diligence is under way.

Halyk Bank on purchasing BTA
London's High Court allows Ablyazov's property sale in Great Britain

London’s High Court has approved the sale of property of the former BTA Bank’s chairman Mukhtar Ablyazov in Great Britain.

London's High Court allows Ablyazov's property sale in Great Britain
BTA Bank. Photo courtesy of vesti.kz
Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s

In case of this deal Halyk will become the biggest Kazakhstan bank by assets and its market share will make over 25 percent.

Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s
Halyk Bank. Yaroslav Radlovsky ©
Samruk-Kazyna may purchase Halyk Bank Pension Fund through selling its stake in BTA Bank

February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the earlier bailed-out banks within a year’s time.

Samruk-Kazyna may purchase Halyk Bank Pension Fund through selling its stake in BTA Bank
BTA Bank. Photo by Yaroslav Radlovskiy©
London court orders Ablyazov's accomplices to pay over $1.5 billion to BTA

London's High Court has made more rulings in favor of BTA Bank in the process against Ablyazov and his accomplices.

London court orders Ablyazov's accomplices to pay over $1.5 billion to BTA
Mukhtar Ablyazov. Photo by Yaroslav Radloskiy©
British Supreme Court ends Ablyazov's legal maneuvers

Great Britain's Supreme Court has dismissed the appeal of ex-chairman of Kazakhstan's BTA Bank Mukhtar Ablyazov.

British Supreme Court ends Ablyazov's legal maneuvers
Anvar Saidenov. Photo by Yaroslav Radlovskiy©
Anvar Saidenov resigns from BTA Bank's board

BTA Bank announced planned changed in the board in relation to completion of the restructuring procedure.

Anvar Saidenov resigns from BTA Bank's board
It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013

February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.

It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013
Kazakhstan President Nursultan Nazarbayev. Photo by Danial Okassov©
Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev

President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.

Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev
Foreign Minister Erlan Idrissov. © Foreign Ministry
Foreign Minister reveals ugly truth on exile banker Mukhtar Ablyazov

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.

Foreign Minister reveals ugly truth on exile banker Mukhtar Ablyazov
©Danial Okassov
US grants injunction against legal action to Kazakhstan's BTA bank

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.

US grants injunction against legal action to Kazakhstan's BTA bank
Yelena Bakhmutova. Photo by Yaroslav Radlovskiy©
A chapter in BTA Bank's restructuring to close today, December 28

The issue of BTA Bank’s restructuring will be closed in Almaty financial court on December 28.

A chapter in BTA Bank's restructuring to close today, December 28
Mukhtar Ablyazov. Photo by Yaroslav Radlovskiy©
London's High Court ordered Ablyazov to pay $2 billion

London’s High Court has made a ruling against Mukhtar Ablyazov in two $2 billion civil lawsuits of Kazakhstan's BTA Bank.

London's High Court ordered Ablyazov to pay $2 billion
Mukhtar Ablyazov. Photo by Yaroslav Radlovskiy©
London Court of Appeals upheld ruling to jail and debar Mukhtar Ablyazov

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.

London Court of Appeals upheld ruling to jail and debar Mukhtar Ablyazov
©REUTERS
BTA Bank opened yuan account in the Industrial and Commercial Bank of China

BTA Bank and ICBC, the world’s biggest bank by assets, agreed to open a correspondent account of BTA Bank in ICBC Almaty.

BTA Bank opened yuan account in the Industrial and Commercial Bank of China
Mukhtar Ablyazov. Photo courtesy of vesti.kz
Mukhtar Ablyazov accused of inciting deadly social unrest in Zhanaozen

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.

Mukhtar Ablyazov accused of inciting deadly social unrest in Zhanaozen
Photo by Yaroslav Radlovskiy©
BTA Bank started negotiations over restructuring of its debts

BTA is expecting arrival of the creditors commission in Almaty for a meeting to discuss results of due diligence next week.

BTA Bank started negotiations over restructuring of its debts
Mukhtar Ablyazov. Photo courtesy of vesti.kz
Ablyazov's lawyers are allowed to keep his whereabouts secret

The obligation to disclose the information about the client would deprive him from the right to legal priviledge: Judge.

Ablyazov's lawyers are allowed to keep his whereabouts secret
Mukhtar Ablyazov. Photo by Yaroslav Radlovskiy©
London court allowed Ablyazov to appeal the ruling

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.

London court allowed Ablyazov to appeal the ruling