BTA Bank not plans restructing of foreign debt
Kazakhstan, Astana, Dec. 24 / Trend , K.Konirova/ BTA Bank joint stock company has fully fulfilled its foreign liability without their refinancing at foreign markets in 2008, the bank said on Dec. 24.
"The bank possesses all necessary resources to fulfill next paying off in 2009 and 2010 at $1.7bln and $1.9bln, respectively," the bank said.
BTA Bank has fulfilled and will fulfill its foreign liability in line with existing schedule of paying off and does not hold any negotiations with foreign investors for their restructing, Roman Solodchenko, the chairman of the Board of the bank, said.
BTA Group is one of leading banking networks in the CIS territory.
Consolidated assets of BTA Bank joint stock company made up 3.671bln tenge ($30.6bln) in third quarter and loan portfolio reached 2.814bln tenge ($23.5bln). Consolidated clear income of the bank amounted to 35.2bln tenge ($293mln).
Network of bank-partners of BTA Bank covers Russia, Ukraine, Belarus, Georgia, Armenia, Kyrgyzstan and Turkey. Representations of the bank function in Russia, Ukraine, China and United Arab Emirates.
The joint stock company has the most developed branch networks in Kazakhstan (22 branches and 277 departments), as well as expanded ATM network (778) and self-service terminals (160). BTA Bank possesses more than 1.3mln private and 100,000 corporate clients.
In 2008, BTA Bank advanced more than by 100 points - from 295 to 173rd position in rating of The Banker influential business magazine. In 2006 and 2007, famous financial experts named BTA Bank as Bank of Year in CIS as result of survey conducted by Itogi authoritative magazine, as well as the bank was regarded as the Best Bank in Central Asia by Euromoney international magazine. The European Business Assembly (the United Kingdom) awarded the joint stock company title of Best Enterprise of Europe in baking sector of the Eurasian region in 2007.
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