The principle shareholder of Kazkommertsbank Nurzhan Subkhanberdin has sold a part of his common shares in the bank to Kenes Rakishev.
Askarbek Nabiev has been appointed the new Chairman of the Board at Kazakhstan's BTA Bank.
The Board of Directors of KazKommertsBank has named the new Chairman of the Board of Directors and the new Chairman of the Management Board.
34-year old Kazakh businessman Kenes Rakishev becomes one of KKB's major shareholders as part of the ongoing integration KKB and BTA banks.
Kazkommertsbank is the largest private bank in Kazakhstan with a total market share of 24%.
Two new members to the Board of Directors of KazKommertsBank has been elected as the process of integrating the bank with BTA continues.
Pressure on Kazkommertsbank’s ATM machines has increased by 15% due to devaluation rumors.
Kazkommertsbank and Kazakh businessman Kenes Rakishev have completed the acquisition of BTA Bank from Samruk Kazyna Kazakhstan's national wealth fund.
Kazkommertsbank has launched a contactless payment system that uses mobile phones in Kazakhstan.
Businessman Kenes Rakishev has bought a stake in Magnum Cash & Carry retailer network.
Kazakhstani businessman Kenes Rakishev has been granted a permission to purchase BTA Bank by the National Bank of Kazakhstan.
The National Welfare Fund Samruk-Kazyna plans to raise $433 million by selling its stake in Kazkommertsbank.
Magzhan Auezov, a Kazkommertsbank Member of the Board, has been appointed the new CEO of BTA Bank.
According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.
Earlier today KazKommertsBank said that the lender and entrepreneur Kenes Rakishev will buy 46.5% in BTA each from Samruk-Kazyna Sovereign Wealth Fund.
Kazakhstan-based Kazkommertsbank and businessman Kenes Rakishev might purchase BTA Bank.
Kazkommertsbank closed down its representative offices in Great Britain and Northern Ireland on June 1, 2012.
KazKommertsBank is the most likely bidder because it is offering to buy Barclays entirely and not just some of its parts.
- Central Asia
- BTA Bank
- Samruk Kazyna
- National Bank
- Great Britain