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Kazkom and BTA received awards of J.P.Morgan for high quality of payment processing

18.09.2014 14:19:22

September 18, 2014, New York, Almaty - Kazkommertsbank and BTA Bank received prestigious international banking awards for high quality of payments services from J.P. Morgan, the largest American bank.

 Commercial investment bank J.P. Morgan (USA) honored Kazkommertsbank and BTA awards «Quality Recognition Award» for accurate and error-free operations of funds transfer according to the results for 2013.

Kazkom and BTA awarded this award for the quality of operations MT103 in SWIFT system, sent by them through J.P. Morgan, correspondent bank. According to reports, 97.72% and 99.15% of transactions made in 2013 through Kazkom and BTA, respectively, were carried out without any mistakes and delays in fully automated mode, which demonstrates a high level of customer service in these banks.

The award was given in recognition of the quality and stability of operations, as well as compliance with the standards, which are maintained in financial institutions in international payments in US dollars. At a time when the cost of operations has great importance, quality and speed of direct payments are the most important components of a successful cooperation between banks and their customers.

Therefore, today, there was every reason to believe that after integration of two banks, by combining the best practices, technologies, and professionals, the quality of customer service will remain at a high level and will be one of the biggest competitive advantages of the combined universal bank.

Since 1997, J.P. Morgan Chase Bank NA annually determines the best partner among correspondent banks around the world through an electronic selection. Awards are given to client banks, achieved good results in the pass-through transaction processing through proper processing of payments in SWIFT system.

For Reference:
J.P.Morgan is a part of J.P.Morgan Chase & Co. group (NYSE: JPM) - is a leading global financial services firm with assets of 2.4 trillion US dollars and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers globally and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

«Kazkommertsbank» JSC is one of the largest banks in Kazakhstan and Central Asia. As of March 31, 2014, the assets of the Bank were 2,779 billion tenge.
The Bank has subsidiaries operating in the field of pensions, management of pension and financial assets, insurance and brokerage services. The Bank also has subsidiaries in the Russian Federation, in Republic of Tajikistan and Kyrgyz Republic.
 Large participants of the Bank are: «Central Asian Investment Company» JSC, Mr. N.S. Subkhanberdin, «Alnair Capital Holding» JSC, «SWF «Samruk-Kazyna» JSC.

The Bank's shares are on official list of "Kazakhstan Stock Exchange» JSC (KASE). Global depository receipts underlying assets are shares of the Bank (GDR), are listed on the London Stock Exchange (LSE). Bank was the first among the CIS banks completed an IPO in GDR form on the London Stock Exchange in November 2006, totaling 845 million US dollars. 

 BTA Bank JSC - Kazakhstan's largest bank, which was privatized in July 2014 as a result of the sale of state-owned by "Samruk-Kazyna" fund of 93% of BTA ordinary shares to a consortium of investors represented by Kazkommertsbank and Kenes Rakishev. Currently, each of the new shareholders of the bank owned 46.5% of BTA ordinary shares. While 4.26% of BTA ordinary shares owned by "Samruk-Kazyna" fund, placed under trust to Kazkommertsbank. The client base of BTA Bank has over 646.2 th. private customers and 77,9 th. corporate customers; Branch network include 19 branches and 174 units around Kazakhstan. According to the audited consolidated financial statements in accordance with IFRS, the BTA Group for 2013 received 7.5 billion tenge of net profit. Group Assets were formed almost at the end of last year and amounted to 1 trillion 603 billion tenge. Shareholders' equity of the Group for 2013 increased by 4.3% and amounted to 280.2 billion tenge. 

Sergey Chirkin, Head of Mass Media and Public Relations Subdivision
Department of Public Relations of Kazkommertsbank
Tel.: 2585-105, internal 57611, E-mail: schikin@kkb.kz

Ilya Borovoy, Head of Communication Service 
Communication Service of BTA Bank
 Tel.: +7(727) 266-43-22, E-mail: iborovoy@bta.kz