Samruk-Kazyna negotiates with Savings Bank of Russia on assignment of its shares in BTA Bank
Almaty. February 2. Kazakhstan Today - Vice chairman of the board of Samruk-Kazyna, Arman Dunaev, informed at the press conference in BTA Bank, the Fund of National Welfare Samruk-Kazyna is holding negotiations with the Savings Bank of Russia on assignment of its share of JSC BTA Bank, the agency reports. "We have begun the negotiating process with a number of strategic investors, in particular, we are now carrying out the negotiations with the Savings Bank of Russia for an opportunity of assignment of the shares of the state to the Savings Bank of Russia." In this case, we plan, at the first stage, that the share of 78.14 % could be sold 50/50, if we reach the agreement," A. Dunaev said during the press conference. ****** 18:48 02.02.2009 All BTA operating shareholders to remain its share participants Astana. February 2. Kazakhstan Today - The chairman of the National Bank, Grigory Marchenko, today at the government session, informed all operating BTA shareholders will remain its share participants, the agency reports. "Yes, the state has purchased 78 percent of the shares, but all operating shareholders will remain," G. Marchenko said. Thus, he emphasized that the shares have been purchased because the current shareholders could not provide normal functioning of the bank. The chairman of the National Bank of Kazakhstan noted that there will be no state commercial banks for the long-term basis in the Republic. "I already said that our structure is correct and the commercial banks should not belong to the state. We need to restore this system. What is taking place now is an emergency measures to support the banks as the current shareholders could not do it. Therefore, I am against creation of the state commercial banks for the long-term basis," it is not our way," he said.
Resourse: Kazakhstan Today