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BTA Bank Suspends Payments on its Recovery Units


“BTA Bank” JSC (“BTA” or the “Bank”) today announces that it has suspended all payments in respect of its U.S$5,221,494,216 aggregate initial Reference Amount of Recovery Units (the “Recovery Units”). The Bank believes that the suspension of these payments is in the best interests of its creditors generally and that it would not be appropriate to make payments in respect of the Recovery Units when BTA has not paid amounts due on the Bank’s Senior Notes and while discussions continue with stakeholders on the financial restructuring of the Bank.

Media contacts:

BTA Bank
Tel.: +7(727) 266 47 99
e-mail: pr@bta.kz