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BTA Bank comment on rumors in social networks

18.02.2014 17:44:18

Almaty, February 18, 2014 - BTA Bank JSC (hereinafter - the Bank) considers it necessary to comment situation regarding the proliferation of social networks in some incorrect information about the possible bankruptcy of a number of Kazakh commercial banks.

BTA Bank JSC considers it necessary to inform all interested parties that the Bank is operating normally, and no reason to worry. The Bank is a reliable and stable financial institution whose activities are carried out under the supervision of the state represented by the main shareholder of "Samruk-Kazyna" JSC and Kazakh regulators. Held tenge devaluation does not affect either the safety of deposits placed with the Bank or its ability to fulfill its obligations to customers. An Available Bank liquidity reserve allows him promptly and fully performs all obligations to customers: to charge interest on deposits and depositors to return their deposits in accordance with the terms of contracts.

Confirming stable financial condition of the Bank is the recent increase in its deposit ratings by international rating agency Moody's Investors Service. For example, Moody's upgraded the long-term deposit ratings of the Bank in national and foreign currency «Caa1» to «B3». Forecast long-term deposit ratings of the Bank revised from "developing" to "positive". Also, Moody's upgraded the Baseline Credit Assessment (BCA) Bank with "caa3 " to "caa2 " confirmed the individual financial strength rating (BFSR) of the Bank at the "E" with "stable" outlook and short-term ratings at «Not Prime».

In connection with the foregoing, the Bank appeals to all its customers with a request - not to succumb to provocations, distribute inaccurate information to make intelligent and informed investment decisions based on common sense and verified information from official sources. Bank will continue to work as usual, providing a wide range of services and providing high quality service to its customers.

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