Kazakh RBK bank on the way of rehabilitation

Business Materials 22 November 2017 16:58 (UTC +04:00)

Baku, Azerbaijan, Nov. 22

By Ali Mustafayev – Trend:

Kazakh RBK bank is about to receive 160 billion tenge from its main shareholder Kazakhmys Holding in the near future, and additional 203 billion tenge until 19 January 2018. The funds are expected to drag the bank from the crisis situation that it is currently in.

“We have already received 60 billion tenge of additional capitalization and we plan to receive another 100 billion tenge from our investor until January 19. Currently, we are about to receive the first tranche from the National Bank, amounting to 120 billion tenge, under the program of recovery of the bank,” said the Chairman of the Board of Directors Bank RBK Torsten Paul, the press service of the bank said in a message.

In 2018 the liquidity of the bank will amount to 363 billion tenge, and the bank already fulfills its obligations, so that the customers and investors can freely withdraw their money, according to Torsten Paul.

The head of the bank expresses confidence regarding the bank’s recovery, stating that it will be one of the most reliable banks on the Kazakh market in near future.

Recently, the RBK bank obtained a new shareholder - the president of the company "Kazakhmys Holding" Vladimir Kim. Kazakhmys Holding has 90 percent of the bank’s shares, and it will have 99 percent of the shares after transferring 100 billion tenge to the bank in January 2018.

In October, the RBK bank faced problems with lack of liquidity, which led to the limitation of fund cashing for its customers. In near future, the bank will receive 243.7 billion tenge support from the National Bank of Kazakhstan.