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"Financial Crisis but, Opportunity for Expansion" BTA Chairman Solodchenko
"The world economy is now experiencing unseen financial crisis triggered by Wall Street. But, it is an opportunity for business expansion at the same time"

Kazakhstan plans $6bn distressed loan fund
Fresh concerns about the stability of the Kazakh banking system emerged this week after the government unveiled a $6bn package to buy distressed loans from the country's banks.

Kazakhstan plans for bailout fund - Government seeks to raise $6 billion to rescue bad loans
The Kazakhstan government is planning to raise a $6 billion fund to rescue distressed domestic loans from the balance sheets of Kazakh banks, in a move mimicking the U.S. Treasury's plan to prop up the banking sector by purging troubled assets from the financial system.

Kazakhstan plans $6 bln bad loan buyout fund
ALMATY, Sept 24 (Reuters) - Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks and help the sector cope with the global credit crisis, the finance minister said on Wednesday.

Kazakhstan report '08
The country is not just well endowed with oil; it is also rich in commodities, from grain to uranium. ( By Clare Nuttall)

The boys are back in town
Joint Stock Company Halyk Savings Bank of Kazakhstan came to the market in late August with a $200m syndicated term loan facility, which according to market watchers was oversubscribed. The facility will be used for general financing purposes, including mainly trade finance business underwritten by Halyk Bank. In reality though, the deal signifies so much more. After a prolonged period in the financial wilderness, issuers have been testing investor appetite for Kazakh risk since April, with success. Is it now time for Kazakh issuers to come into their own once more?

State takes the lead in Kazakh banking sector
Kazakhstan’s beleaguered banking sector is getting back on its feet,thanks to increased activity by state banks, and growing levels of FDI,report Shayla Walmsley and Julian Evans

BTA makes trade finance a top priority
Kazakhstan bank BTA's chairman of the board of directors Mukhtar Ablyazov today addressed questions concerning the official rebranding of the bank, formerly known as Bank TuranAlem, and announced ambitions for the bank to expand to eventually become a global banking institution.

Kazakhstan searches for pain relief
Georgy Iosifyan, the newest member of the management board at BTA Bank (formerly Bank TuranAlem) after joining from Russia’s Alfa-Bank in February, is hobbling after an accident in the gym. It might almost be a metaphor for Kazakhstan’s banking sector. Previously pumped up by the anticipation of oil and gas revenues, even some of the country’s largest banks are now struggling to refinance international debts after global liquidity dried up last year, and are beset by rumours and fears about asset quality.

Chairman of BTA Bank CJSC Marenov Awarded for Contribution to Development of Financial Market of Belarus
Chairman of the Management Board of BTA Bank Sultan Marenov has been praised for efforts to bolster the financial market of Belarus. Delo Vostok + Zapad (Business: East + West) magazine awarded Mr Marenov as "Man of Action – 2008" in the category "Significant Contribution to the Development of the Financial Market of Belarus."

View from the banks. Anthony Robinson meets Roman Solodchenko, chairman of BTA Bank
After its re-branding this year as BTA Bank, the former Bank TuranAlem no longer holds in its title the memory of its foundation over a decade ago as a merger between the privatised former Soviet-era Construction Bank and the Foreign Trade Bank.

Kazakhstan's BTA Bk IPO Probably Pushed Back To 2010-Chmn
LONDON (Dow Jones)--BTA Bank's (BTAS.KZ) chairman Wednesday said Kazakhstan's biggest bank by assets would hold off on an initial public offering until market conditions improved.

BTA Bank Chmn: Temirbank Tender Underway
LONDON (Dow Jones)--BTA Bank (BTAS.KZ) chairman Mukhtar Ablyazov Wednesday said Kazakhstan's biggest bank by assets had received "quite attractive" offers for its Temirbank subsidiary.

CIS Courts rich Asian investors
When Kazakhstan banks faced liquidity problems in the latter half of 2007, some looked to the east, to Korea and Hong Kong, for a strategic investor. And borrowers in the CIS are also forging stronger ties with Middle Eastern investors. But the relationships don’t stop at capital provision. Julian Evans reports on a shift in power eastward.

Star rises in the east
INTRO: With an economy fuelled by a wealth of natural resources, the financial services sector has been one of the first beneficiaries, a fact that has not gone unnoticed among foreign investors. A leading player in this sector is Bank TuranAlem, writes James Norris

Bank TuranAlem will not rush Temirbank sale to boost liquidity
Bank TuranAlem (BTA) may try to securitise assets and raise Islamic financing to help fund its growth this year, but will not rush to sell its Temirbank stake to boost liquidity.

Kazakh shock paves way for outsiders
Billionaires from Kazakhstan included in Forbes’ rating of the world’s super-rich are mostly oil and metals barons. But this year Bulat Utemuratov, a financier and close adviser to Kazakhstan’s ruling family, entered the list, following the sale of his stake in ATF, Kazakhstan’s fifth biggest bank, to Unicredit of Italy.

INTERVIEW: BTA rebrands to accelerate overseas expansion
On March 19, Bank TuranAlem opened its first rebranded branch under the BTA name at Shu in the Zhambyl region of Kazakhstan, a first step in the Kazakh bank's new strategy to expand overseas.

BTA and other Kazakh banks to shun loan market in 2008
KAZAKHSTAN’S Bank TuranAlem (BTA), along with many of the country’s other top tier banks, made it clear this week that it does not intend to return to the syndicated loan market for the rest of 2008, opting instead to repay any outstanding facilities until the markets improve.

Bank TuranAlem JSC (now known as BTA bank) is among largest banks within the CIS
BTA cleared $580m profit as of the reporting date, a double year-on-year increase. Armed with a new brand and a cache of new products, BTA Bank is readying for a new onslaught on the international scene. Francesca Carnevale reports from Almaty.

Credit crisis shakes Kazakh banks
Kazakh banks, which over the last few years have lapped up cheap foreign loans to finance a consumer boom driven by the country's soaring oil revenues, have been hit hard by the global credit squeeze.