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History
BTA Bank JSC origin dates back to the USSR, when on October 15, 1925 a branch of Promyshlenny (Industrial) Bank (Prombank) was launched in Kazakhstan under a decree of the Presidium of the Central Council of the National Economy of the republic.
About Prombank (1925-1991)
Later, Prombank's branch underwent various reorganizations.
On June 7, 1932 the Council of People's Commissars of Kazakhstan decreed an establishment of a Kazakh Regional Bank Office in Almaty based on Prombank assets. In line with the decree "Establishment of Dedicated Banks of Long-Term Investments," the Bank was to finance the construction and electric industry of the USSR.
On July 11, 1949 the USSR Council of Ministers transformed Almaty Interregional Office into the Kazakh Nationwide Office of Prombank of the USSR. Subsequently, it was renamed to the Kazakh Nationwide Office of Stroybank of the USSR.
On July 17, 1987 the Central Committee of the Communist Party of the Soviet Union and the USSR Council of Ministers issued joint decree # 28. The document was intended to upgrade the banking system of the country and bolster its beneficial effect on the economy. Six banks have emerged from three state-owned banks (Stroybank of the USSR, Gosbank of the USSR, Vneshtorgbank). These were the following:
- State Bank of the USSR
- Industrial Construction Bank of the USSR
- Vnesheconombank USSR
- Agroprombank of the USSR
- Housing Construction Bank of the USSR
- Saving Bank of the USSR
On March 4, 1991 State-Owned Commercial Industrial Construction Bank of the USSR issued decree # 126, whereby Kazakh Nationwide Bank Promstroybank of the USSR was transformed into Kazakh Nationwide Bank of State-Owned Commercial Industrial Construction Bank Turanbank.
About Turanbank (1991-1997)
On July 24, 1991 the Cabinet of Ministers of the Kazakh Soviet Socialist Republic established Kazakh Join-Stock Bank Turanbank by decree #444. A meeting of shareholders elected Beysenov Oraz Makayevich as a chairman of Turanbank management board. At that time Turanbank had 66 branches.
On January 23, 1990 Vnesheconombank of the USSR launched Kazakh nation-wide bank of Vnesheconombank of the USSR in Almaty by virtue of an agreement dated December 11, 1989 between the Council of Ministers of the Kazakh Soviet Socialist Republic and Vnesheconombank of the USSR.
About AlemBank (1992-1997)
On February 14, 1992 the meeting of founders issued decree #3 approved by decree # 710 of the Cabinet of Ministers of the Republic of Kazakhstan dated August 28, 1992. Thus, Vnesheconombank of the Republic of Kazakhstan was renamed to Bank of Foreign Economic Activities of the Republic of Kazakhstan ALEM BANK KAZAKHSTAN. Irishev Berlin Kenzhetayevich was elected to head the management board.
During several years ALEM BANK KAZAKHSTAN Joint-Stock Bank was as an agent of the Government of the Republic of Kazakhstan to raise foreign borrowings under state guarantee.
The branch chain of ALEM BANK KAZAKHSTAN Joint-Stock Bank included 20 branches.
About Bank TuranAlem (1997-2008)
On January 15, 1997 the Government of Kazakhstan issued decree # 73 to reorganize Kazakh Joint-Stock Bank Turanbank and Joint-Stock Bank AlemBank Kazakhstan. In the end, Bank TuranAlem Closed Joint-Stock Company was set up. In the same decree, the Finance Ministry of Kazakhstan was delegated authorities to own and dispose of Bank TuranAlem stock. The Finance Ministry was also vested rights to approve the Articles of Association and shape management bodies of the Bank. A general meeting of shareholders named Tatishev Yerzhan Nureldayemovich a Chairman of the Management Board of Bank TuranAlem CJSC.
On October 1, 1998 Bank TuranAlem CJSC changed its name to Bank TuranAlem OJSC.
On September 26, 2003 Bank TuranAlem OJSC was renamed to Bank TuranAlem JSC following its reregistration.
About BTA Bank (since 2008)
A new development strategy – to become the leading financial institution in the CIS – was approved in TuranAlem Bank back in 2007. We needed a new image of the bank which would meet new business tasks. Thus, the idea of re-branding was born and realized by today.
A new logo – BTA – reflects the modern reality and innovation of the bank. Pistachio is sincerity, well-being and optimism. Scarlet is force and energy. The form of the logo is also not accidental. Consecutively arranged squares symbolize reliability and stability. Their intersection brings the transparency effect – one of the key professional qualities of the modern bank.
On November 7, 2007, JSC “Bank TuranAlem” announced on the beginning of the re-branding process. The rewrite procedure was completed in January 2008 when the financial institution has received a new official name – JSC BTA Bank. All works on renaming and revisualization of BTA Bank and its daughter companies were completed during the year of 2008.