News

30.07.2009
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”.

29.07.2009
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.

27.07.2009
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.

24.07.2009
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.

21.07.2009
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.

14.07.2009
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.

13.07.2009
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.

03.07.2009
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.

03.07.2009
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.

02.07.2009
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.