Season's Greetings from the Chairman of JSC BTA Bank
Dear friends! The year of 2009 is behind us. 2009 was full of great shakes and dramatic changes in life of BTA Bank.
Attention! Clients of BTA Bank: Work schedule of the Contact Center during the holidays!
Dear clients of BTA Bank! We would like to inform you that during holidays from January 1 through 4, 2010, you may receive the consultation through the Contact Center on remote banking servicing and payment card issues only.
BTA Bank’s Restructuring Proceedings Gain the Protection of the British Courts
JSC BTA Bank (the “Bank”) is delighted to announce that the restructuring proceedings that have been commenced in respect of the Bank before the Specialised Financial Court in Almaty have been recognised in Great Britain as a foreign main proceeding.
Successful Completion of the Main Stage of Negotiations Between JSC BTA Bank and Its Creditors
JSC BTA Bank is pleased to announce that it has successfully completed the main stage of negotiations with its creditors by signing in London, on December 7 the Principal Commercial Terms Sheet of the Financial Restructuring of the Bank.
Financial restructuring principal commercial terms sheet signed by the creditors’ steering committee and JSC BTA Bank
JSC BTA Bank (the “Bank”) is pleased to announce that it signed a principal commercial terms sheet on 7 December 2009 with its Creditors’ Steering Committee setting out the principal commercial terms of its proposed financial restructuring (the “Restructuring”).
The seminar held in BTA Bank
The seminar for employees of the subdivisions on counteracting money laundering and financing terrorism as well as for the compliance-control services of Kazakhstani Second Tier Banks was held in BTA Bank in Almaty on 10-12th of November
The Specialized Financial Court of Almaty has admitted the legitimateness of BTA Bank’s restructuring process
On October 16, the Specialized Financial Court of Almaty has decided to allow the statement in full from BTA Bank on its restructuring.
Change of commission fees under BTA Bank’s payment cards
Dear holders of BTA Bank’s payment cards, we kindly inform you that since November 23, 2009 the Bank had fixed the following fees
A total of KZT 37bln had been drawn down by JSC “BTA Bank” under the state mortgage loans refinancing program
JSC “BTA Bank” has successfully completed the mortgage loans refinancing under the state program of JSC “National Welfare Fund “Samruk-Kazyna”.
Changes in BTA Bank management
On October 7, 2009, Mr. Ardak Orumbayev has been appointed as a Deputy Chairman of the Management Board and as a member of the Management Board by the decision of the Board of Directors of JSC BTA Bank.
English court dismisses appeals of Mukhtar Ablyazov and others and requires disclosure of their assets worldwide
In August this year, JSC BTA Bank commenced legal proceedings in the High Court in London against Mukhtar Ablyazov, the former Chairman of its Board of Directors, Roman Solodchenko, the former Chairman of its Management Board and Zhaksylyk Zharimbetov, the former Vice-Chairman of its Management Board, all of whom have fled Kazakhstan and are now living in England.
Cash withdrawal limit change by «Card deposit – Plus Card» product
Dear BTA Bank Card holders, We would like to inform you that from November 1, 2009 cash withdrawal limit under «Card deposit – Plus Card» product shall be set in the amount of KZT 500 000 (five hundred thousand) per month.
Dear Customers, We are happy to inform you on “Bonus” program
JSC BTA Bank Signs a Memorandum of Understanding with the Creditors’ Steering Committee to restructure BTA Bank’s Financial Indebtedness
JSC BTA Bank (“BTA”) announced today that it has entered into a Memorandum of Understanding (“MOU”) with the Creditors’ Steering Committee (the “Steering Committee”) to restructure BTA’s financial indebtedness (the “Restructuring”).
On changes of deposit rates for individuals
Dear customers of BTA Bank we would like to inform you that based on the Order of JSC “Kazakhstan Deposit Insurance Fund” the following maximum deposit rates have been fixed for newly opened deposits since September 21, 2009
JSC BTA Bank appoints Steering Committee, signs an Outline of Restructuring Principles and announces increases in Loan Loss Provisions and Debt Restructuring Options
Appointment of Steering Committee
English high court grants BTA Bank a worldwide freezing injunction against assets of Mukhtar Ablyazov and others
"JSC BTA Bank has commenced legal proceedings in the High Court in London against Mukhtar Ablyazov, its former Chairman of its Board of Directors, Roman Solodchenko, the former Chairman of its Management Board and Zhaksylyk Zharimbetov, the former First Deputy Chairman of its Management Board, all of whom have fled Kazakhstan and are now living in England.
Changes in the management of BTA BANK JSC
Meeting of the Board of Directors of BTA Bank JSC dated August 24, 2009 elected Mr. Sergei V. Yeltsov to the position of Deputy Chairman of the Management Board, Member of the Management Board of BTA Bank JSC.
Changes in the management of BTA Bank JSC
On August 19 the Board of Directors of BTA Bank JSC approved resignation letters of members of the Management Board Mr. Saduakas Mameshtegi and Nurzhan Botabayev due to change of their employment place.
BTA Bank Updates Investors on Restructuring Process
“I want to reassure all investors that, while BTA faces unprecedented challenges from decisions made by past leadership, the bank is doing everything it can to recover assets,” said Mr. Saidenov
Cash&Pay self-service terminals to extend its services
BTA Bank is happy to inform its customers that Cash&Pay self-service terminals now have new functionality!
Dear BTA Bank payment cardholders
Please be kindly informed that from September 12, 2009, one million (1,000,000) tenge authorization limit is established on Kamkor payment card for making debit operations in noncash form and withdrawal of cash.
BTA Bank financing of the polyethylene pipe production in JSC National Company “Kazakhstan Engineering”
On July 30, 2009, the official opening ceremony of the second extrusion line on polyethylene pipes production for trunk cables from 110 up to 500 mm in diameter was held at JSC Tynys, a part of JSC National Company “Kazakhstan Engineering”.
JSC BTA Bank temporarily suspends its participation in KazPrime indicator formation
Since August 6, 2009 BTA Bank JSC will temporary withdraw from the Agreement on creation of KazPrime indicator of Kazakh interbank deposits.
JSC BTA Bank announces a meeting with certain creditors to establish a Creditors Steering Committee. JSC BTA Bank also announces the suspension of interest payments
JSC BTA Bank (“BTA”) is pleased to announce that on 23 July 2009 a meeting was held in London between BTA’s advisers and certain of its syndicated and bilateral creditors, Eurobond holders and trade finance creditors which may lead to the formation of a Creditors Steering Committee.
New appointments in the management board of JSC BTA Bank
A decision on new appointments to be made in the Management Board was adopted at the meeting of the Board of Directors of JSC BTA Bank held on July 20, 2009.
Update on BTA Bank restructuring process
BTA Bank JSC (“BTA”) today released its financial statements in accordance with IFRS for the year ending 31 December 2008, as audited by Ernst & Young LLP.
Update on BTA Bank restructuring process
BTA Bank JSC (“BTA”) is pleased to announce that Lazard Frères has been appointed as one of its financial advisers to work alongside UBS Investment Bank in the implementation of BTA’s debt restructuring process.
Notification on holding of the extraordinary general meeting of JSC “BTA Bank” shareholders
JSC “BTA Bank” located at: 97, Zholdasbekov St., Samal-2 district, Almaty, 050051, Republic of Kazakhstan, in accordance with the Board of Directors’ Decision № 6-6 as of June 30, 2009, informs on holding of the extraordinary general meeting of JSC “BTA Bank” shareholders.
Annual general meeting of shareholders has taken place at JSC BTA Bank
The annual general meeting of shareholders of JSC BTA Bank has taken place on Wednesday, July 1st.
Goldman Sachs resigns as adviser to BTA
BTA Bank JSC (“BTA”) today announced that Goldman Sachs has resigned as restructuring adviser to the company. “BTA thanks Goldman Sachs for its counsel and recommendations provided to date,” said Anvar Saidenov, CEO of BTA Bank.
BTA appoints Lovells LLP as legal advisor
BTA Bank JSC (“BTA”) is pleased to announce that Lovells LLP has been appointed to advice the bank on asset recovery.
BTA Bank performs well and ensures adequate liquidity
BTA Bank JSC informs that negative capital indicated in the Bank’s report for the period of 5 (five) months is the reflection of previously announced facts on losses under loans issued by former bank’s managers to its affiliates including financing of foreign projects. Such losses in the amount of KZT1.413 billion have been confirmed by international audit company Ernst & Young soon after audit of 2008 performance. This audit ended in May and is a standard, annual procedure. Audit results have been included into Bank’s report for the month of May 2009.
«BTA Bank» JSC proposes depositors new “Vigodniy kurs” deposit
Since April 2009 “Vigodniy kurs” multicurrency deposit added BTA Bank deposit line which does not have analogs on the market. At conversion of KZT into USD or EUR the client gains additional income to the deposit amount due to fair rate.
Notification on holding annual general meeting of “BTA Bank” JSC shareholders
“BTA Bank” Joint Stock Company located at: 97 Zholdasbekov Str., Samal-2 mcrd., Almaty, Republic of Kazakhstan, pursuant to the decision of the Board of Directors № 5-4 dated 28.05.2009, declares on calling of the Bank’s shareholders annual general meeting.
Despite the crisis, BTA Bank has been improving infrastructure and quality of customers’ service
BTA Bank is aimed at setting up better conditions for complex service of small and medium-sized enterprise (SME) representatives in south capital in the near future.
JSC BTA Bank opens the first 24 hours a day automatic vault depository in Kazakhstan
On May 28, 2009 the first automatic depository in Kazakhstan with the capacity of 460 cells of various sizes was opened in service location “Stolichnoye” of BTA Bank in Astana.
JSC BTA Bank has prolonged mortgage program on individual terms for MAEK-KAZATOMPROM LTD. employees
BTA Bank has made a decision to prolong the deadline of the mortgage program on individual terms for employees of the large amalgamation of Mangistau region – MAEK-Kazatomprom Ltd.
BTA Bank congratulated veterans with 64th Victory anniversary in Great Patriotic War.
The invited veterans used to be employees of PromStroybank and Vneshtorgbank, predecessors of TuranAlem Bank, nowadays BTA Bank.
BTA Bank held a Press Conference
On April 30, Anvar Saidenov, Chairman of the Board of BTA Bank has commented the current situation in the bank related to the temporary stop of principal payments on its external debt as well as answered mass media questions.
BTA Bank financed a mineral cotton production plant in the East of Kazakhstan
On April 30, 2007 after reconstruction was completed the opening ceremony of the mineral cotton production plant with productive capacity of 30mn tons per year had taken place in Glubokoye village close to Ust’-Kamenogorsk.
BTA Bank imposes standstill on principal payments pending negotiation of debt management programme.
JSC BTA Bank has received notices from several creditors accelerating by reason of default the indebtedness owed to those creditors.
BTA trade finance deals recognized among the best of 2008
As many as two different trade finance deals by BTA Bank have each been named a “Best Deals of 2008” and “Deal of the Year 2008” by leading industry publications Trade Finance and Global Trade Review claiming between them 4 awards out of the year’s worldwide total of 98.
Interview of Anvar Saidenov
Commenting this week on how much funds had been drawn under another programme by the government – the one for refinancing small and medium-sized businesses – an area where some banks aren’t quite up to speed.
BTA’s share of Karaganda region’s SME loan market up 7.8% in January-February
In the first two months of 2009, BTA Bank increased its share of Karaganda region’s small and medium-sized enterprise (SME) lending market by 7.8% to 39.73% as at March 1, 2009. Today, BTA’s SME loan portfolio in the region stands at KZT 40.4 billion.
BTA opens score of refinanced social mortgage loans
Chairman of the BTA Board of Directors Anvar Saidenov presented today a commemorative certificate to Svetlana Aliyeva, BTA Bank’s first customer under the government’s mortgage refinancing programme.
BTA management press conference
On March 25, members of the BTA management team met with the media at BTA’s Almaty headquarters and told them about the bank’s current situation and future plans. From BTA, present at the press conference were Arman Dunayev, Chairman of the Board of Directors, Genrig Kholodzinsky and Abylakim Zhumakhmetov, Deputy Chairmen of the Management Board, and Kunsulu Kapbasova, Managing Director and Member of the Management Board.
BTA Bank and Kazakhstan Broadcasting Corporation Sign Cooperation Memorandum
Chairmen of the management boards of JSC BTA Bank and JSC Kazakhstan Broadcasting Corporation Anvar Saidenov and Zhanai Omarov, respectively, signed a memorandum today with effective implementation of the government’s economic stabilisation programme as the main goal.
BTA Bank carrying out its obligations from depositors and creditors and other clients
On 2 February 2009, BTA Bank issued to National Welfare Fund Samruk-Kazyna, [25,246,343] new common shares of BTA Bank for KZT.
BTA Bank JSC kindly notifies on holding extraordinary general meeting of shareholders of BTA Bank JSC on March 6, 2009
Resolutions adopted during the meeting.
Hereby BTA Bank JSC (hereinafter referred to as the Bank) kindly notifies you on amendments to the laws of the Republic of Kazakhstan in terms of participating in the capital of second tier banks.
BTA, KazAgro Pledge Cooperation
JSC BTA Bank and JSC NH KazAgro have signed a memorandum stating their joint intention to provide support to the farming sector as part of the government’s programme of economic and financial stabilization in 2009-2010.
BTA Management Meets Control Committee
Senior management of JSC BTA Bank, including Chairman of the Board of Directors Arman Dunayev, met yesterday with representatives of the committee charged with overseeing the use of public funds that were made available under the government’s anti-crisis programme.
BTA Appoints New Board of Directors
The extraordinary general meeting of shareholders of JSC BTA Bank held today voted to appoint a new board of directors.
BTA Bank JSC announces on starting to accept applications for refinancing mortgage loans under governmental program
Since March 04, 2009 BTA Bank JSC has been accepting applications from natural persons under governmental program of “National Walfare Fund “Samruk-Kazyna” for refinancing of mortgage loans.
President rubbishes revocation reports
Reports that BTA, Kazakhstan’s largest bank, could have its banking licence revoked were wrong, said the President at a special meeting in Aq Orda yesterday that had the implementation of the government’s anti-crisis programme on the agenda.
Shaikenov appointed Acting Chairman of Temirbank’s Management Board
As a result of the absentee voting by members of the Board of Directors of JSC Temirbank, a subsidiary of JSC BTA Bank, Mr. Yerzhan Shaikenov, a member of the Management Board since March 2008, was appointed Temirbank’s Acting Chairman of the Management Board today.
BTA Bank to extend working schedule for Internet-banking Support Service
BTA Bank kindly informs its customers that since February 23, 2009 they can enjoy extended working schedule of Internet-Banking Support Service.
Notice on introducing additional issues into agenda of Extraordinary Meeting of Shareholders of "BTA Bank" JSC
"BTA Bank" Joint-Stock Company located at: 97, Zholdasbekov Street, Samal-2 microdistrict, 050051, Almaty, Republic of Kazakhstan, according to the Decision of the Board of Directors # 2-1 dated February 03, 2009 notifies you on supplementing agenda of Extraordinary Meeting of Shareholders scheduled for March 06, 2009.
Anvar Saidenov appointed BTA Chairman of the Management Board
The meeting of the Board of Directors of JSC BTA Bank held today voted to appoint former Governor of the National Bank Anvar Saidenov Chairman of BTA Management Board. The appointment was made in compliance with Kazakhstan’s Banking Act.
Frequently asked questions
With the government as a shareholder, BTA is poised to retain the trust of its depositors and creditors. Now as ever, shareholders and management are single-minded in their commitment to let BTA continue as Kazakhstan’s leading financial institution. Mr. Arman Dunayev, Chairman of the Board of Directors of JSC BTA Bank and Deputy Chairman of the Management Board of JSC The National Welfare Fund Samruk-Kazyna, took his time to answer some of our questions about BTA’s future direction.
Notice of Extraordinary General Meeting of Shareholders of “BTA Bank” JSC
“BTA Bank” Joint-Stock Company located at: 97, Zholdasbekov Street, Samal-2 microdistrict, 050051, Almaty, Republic of Kazakhstan, according to Decision No. № 2-1 of the Board of Directors of 03.02.2009 kindly notifies you on convocation of the Extraordinary General Meeting of the Bank’s Shareholders.
Samruk-Kazyna injects US$1.7 billion into BTA, continues to make changes at the top
At the meeting of the Board of Directors of JSC BTA Bank held yesterday, Mr. Arman Dunayev was elected Chairman of the Board of Directors. In other changes, Mr. Sadwaqas Mameshtegi, formerly chairman of the board of directors of JSC Astana Finance, and Mr. Seitkali Rakhimov, a representative of JSC The Samruk-Kazyna National Welfare Fund (Samruk-Kazyna), were both appointed members of the Management Board. Also, the Board voted to hold an extraordinary general meeting of shareholders on March 6, 2009.
Kazakh government buys out BTA Bank
Citing mounting concerns over the state of Kazakhstan’s economy in the last three months, the government of Kazakhstan has announced that it has accepted the recommendation by the Agency on Regulation and Supervision of Financial Market and Financial Organisations (FSA) that the former should acquire a controlling interest in JSC BTA Bank.
BTA Bank Shareholders Vote To Raise Capital
The general meeting of shareholders of JSC BTA Bank held today voted to raise the bank’s charter capital by issuing and floating authorized shares.
Information for the shareholders of BTA Bank JSC
Please be kindly informed that in compliance with part 1 clause 5 article 17 of the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan" dated August 31, 1995, legal entities registered in the offshore areas or having affiliated entities registered in the offshore areas or individuals being participants (shareholders) of legal entities registered in the offshore areas which are specified by the authorized body shall not directly or indirectly own and (or) use and (or) dispose of voting shares of the banks – residents of the Republic of Kazakhstan.
JSC BTA Bank is the Best Trade Finance Bank in Kazakhstan
JSC BTA Bank has been awarded as the "Best Trade Finance Bank 2009 in Kazakhstan" according to Global Finance, international finance magazine.
CJSC BTA Bank wins a competition "Brand of the year 2008"
On the 23th of January 2008 the 8th rewarding ceremony of the National Belarusian competition "BRAND OF THE YEAR 2008" took place. BTA Bank won in the nomination "Financial service".
BTA Bank retires US$250 million eurobond issue
With JP Morgan and Credit Suisse mandated as lead arrangers, the Eurobonds were issued in January 2007 as part of the Global Medium Term Notes programme and carried a coupon of 3М LIBOR+137.5 basis points.
Faster continues to expand its boundaries
33 Units of Uzbek "Khamkorbank" Joint-Stock Commercial Bank are connected to BTA Bank’s international express transfer system named Faster.
JSC BTA Bank is the best financial institution in Kazakhstan
Based on the results of 2008, JSC BTA Bank tops the rankings of Kazakhstan’s financial institutions according to the annual study of the nation’s 50 best companies by the business publication Exclusive.