New major shareholder enters Kazakh Bank RBK’s capital

Baku, Azerbaijan, Nov. 5

By Elena Kosolapova - Trend:

Directorate for Property Management Fund-Invest acquired 18 percent of the voting common shares of Kazakh Bank RBK, the bank said on Nov. 4.

The shares were sold in the secondary securities market.

The Board of Kazakh National Bank approved this deal and Fund-Invest became one of the bank's major shareholders.

Before the deal, among the major shareholders of the bank were such Kazakh entrepreneurs as Farid Lyuhudzyaev (owning 11 percent of voting shares), Dinmukhamet Idrisov (9.9 percent) and Kairat Sharipbayev (9 percent).

Bank RBK is Kazakhstan's universal financial institution having well-balanced development performances. As of October 1, 2014 the bank's assets hit 365.4 billion tenge (180.87 tenge = $1), loan portfolio - 278.8 billion tenge, client's funds - 306.6 billion tenge, including 64.1 billion tenge worth of deposits of individuals . The bank's profit for January-September 2014 amounted to 1.9 billion tenge, which is 82 percent more compared to the same period of 2013.

The Bank has offices in Astana, Almaty, Karaganda, Pavlodar, Shymkent, Ust-Kamenogorsk
and Ekibastus.

Edited by S.I.