site.news_by_theme BTA Bank
Corporate website of BTA Bank has been exposed to DDoS attacks and the bank’s management decided to suspend it for security reasons.
Umirzak Shukeyev, Chairman of Samruk-Kazyna, encouraged national companies to support BTA Bank by opening accounts and deposits in the finance institute.
BTA confirmed its intention to restructure obligations on senior unsecured and junior bonds for the total amount of $3.5 billion.
BTA announced its plans of the second debt restructuring in December 2011. Its main shareholder – Samruk-Kazyna Sovereign Wealth Fund – voiced its support to the proposed debt restructuring.
Last week a number of media had reported that BTA might merge with another large bank.
BTA Bank, currently in pre-default condition, will possibly merge another major Kazakhstan bank.
New supplementing agenda was added to the extraordinary general meeting of the stakeholders on 26 January 2012.
Zairov was appointed to the position in August 2011, replacing Mr. Anvar Saidenov, the latter being appointed Chairman of the Board.
Chairman of the board of BTA Bank Anvar Saidenov commented on the planned restructuring of the bank's debt.
BTA Bank might fail to collect enough funds to make the next payment to service its debt.
First of all, the decision has to do with the vision and strategy of Sberbank’s operations in the Kazakh market: Bank’s Chairman German Gref.
We do not comment on clients’ transactions and on our partners. This has nothing to do with the Bank’s transparency: German Gref.
To improve performance of the bank its current CEO Anvar Saidenov will replace Arman Dunayev as the Chairman of the Board.
According to him, only Russia and China could be interested in the Bank’s purchase.
Russian real estate development company RTM transferred the project of a trade center in Odintsovo to BTA Bank on the account of its debts.
“Should Kazakhstan accept the conditions, the deal will be closed”, Sberbank Chief Executive German Gref.
BTA Bank does not preclude a possibility of selling its foreign assets.
The British court agreed that BTA Bank's suit against its former owner Mukhtar Ablyazov is not politically motivated.