Management Boards changed in Kazakh BTA and Alliance Banks
Baku, Azerbaijan, June 24
By Elena Kosolapova - Trend: The Management Boards were changed in Kazakh BTA and Alliance Banks, the banks reported on June 24 and June 23 respectively.
In particular the Board of Directors of BTA Bank decided to early termination of powers of Arman Shakenov as Managing Director - member of the Management Board of BTA Bank upon his own initiative with effect since June 21, 2014. Shakenov will be replaced by Pavel Mynzhanov at this position. Myzhanov was elected as the Managing Director and member of the Management Board of BTA Bank from June 21, 2014 until December 31, 2014.
Meanwhile the Board of Directors of Alliance Bank appointed Aida Derevyanko as a Chief Financial Officer and member of the Management Board of the bank from June 25, 2014.
BTA Bank is a backbone bank of Kazakhstan, the major shareholder of which is the Kazakh Government, represented by Samruk Kazyna National Wealth Fund having 97.26 percent of shares.
BTA Bank is an active participant of governmental economic support programs. In 2009 the Bank took part in financing SMEs, companies of agricultural sector, refinancing of mortgage loans and financing of completion of housing estate. The bank has 19 branches and 174 units around Kazakhstan; international representative offices in Russia, Great Britain and China; and its banking network extends to Russia, Ukraine, Belarus, Kyrgyzstan, Armenia, Georgia, Kazakhstan and Turkey.
Alliance Bank is one of the leading banks in Kazakhstan which has been successfully providing banking services for more than 19 years. Today it is the tenth largest bank in terms of assets in Kazakhstan, developing as a universal financial institution in all business segments, primarily focusing on the retail market and SME lending.
The main shareholders of Alliance Bank are National Wealth Fund Samruk-Kazyna, which owns 51 percent common shares and 51 percent preference shares of the bank, and Bulat Utemuratov, which owns 16 percent common shares and 16 percent preference shares of the bank. The minority interest is 33 percent common shares and 33 percent preference shares. Alliance Bank has an extensive branch network including 19 branches and 106 cash offices in 51 cities and rural settlements of Kazakhstan.
Edited by C.N.