Eurasian Bank ready to begin negotiations on purchase of BTA shares
Almaty. February 3. Kazakhstan Today - Eurasian Bank JSC is ready to begin negotiations on purchase of the shares of JSC BTA Bank, the agency reports citing the press service of the Eurasian Bank. "Highly estimating aspiration of the government of the Republic of Kazakhstan, the National Bank of Kazakhstan, and the Fund of National Welfare Samruk-Kazyna to stabilize financial situation of the banking sector of the Republic of Kazakhstan, JSC Eurasian Bank, nevertheless, considers that in the issue of defining the new shareholders of the system-forming bank, one of which is BTA Bank, the priority should be given to the national investors," the message states. "As for normalization of the situation with BTA Bank - we are assured that the national investors will be able to reform the bank and restore its importance for the national economy," the text states. During the expanded session of the government of the Republic of Kazakhstan, the chairman of the Fund of National Welfare Samruk-Kazyna, Kayrat Kelimbetov, stated that the Fund Samruk-Kazyna is carrying out the preliminary negotiations with the Savings Bank of the Russian Federation regarding the opportunity of selling BTA shares to the bank. According to the data of non-audited financial report of the bank, cumulative assets of JSC Eurasian Bank for 2008 have grown by 47.6 % - up to 271.4 billion KZT, thus, the volume of liquid assets, as of January, 1st, 2009, has totaled 75.4 billion KZT, or 27.8 %. The capital of the bank for the accounting period has grown by 25.2 % - up to 25 billion KZT. The loan portfolio of 2008 has grown by 9.5 % - up to 127.4 billion KZT.
Resourse: Kazakhstan Today