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Russian Goldman Sachs Withdrew a claim to The BTA and Its Subsidiary Turanalem Finance


Today JSC BTA Bank (hereinafter – the Bank) informed that on September 15, 2010 the Russian company Goldman Sachs LLC gave up a claim to BTA Bank and its subsidiary company TuranAlem Finance LLC concerning the debt in the amount of 3,4 billion rubles.

The reason for this decision was meeting by BTA Bank the requirements of Goldman Sachs LLC in accordance with the Restructuring Plan of the Bank. BTA Bank paid off to Goldman Sachs funds for debt repayment and granted shares and newly issued bonds of the Bank. Moscow Arbitration Court accepted giving up a claim from Goldman Sachs LLC and discontinued proceedings.

Media contacts:

Kalamkas Tuleshova

Tel.: +7 (727) 266-47-99
Fax. +7 (727) 250-12-55
Email: tuleshova@bta.kz