Alliance Bank
U.S. court grants Alliance Bank bankruptcy protection
(SRI) - A U.S. bankruptcy court granted Alliance Bank protection from U.S. creditors so that it may complete the restructuring of its $4.5-billion debt, Bloomberg reported.
Seimar Alliance looses bank holding status - FSA
(SRI) - Kazakhstan’s Financial Supervision Agency of Kazakhstan (FSA) has stripped the Seimar Alliance Financial Corporation, previously controlling shareholder of Alliance Bank, of its bank holding company status.
Samruk-Kazyna officially closes deal to buy Alliance Bank
(SRI) - Samruk-Kazyna, the state holding and investment company, closed the deal to acquire 100 percent of Alliance Bank’s shares for one tenge on December 31, 2009, the bank said in a statement.
Alliance Bank first Kazakh lender to reach restructuring deal
(SRI) - The creditors of Alliance Bank, Kazakhstan’s second-largest lender to default this year, voted to approve a plan to restructure KZT677 billion ($4.5 billion) of debt.
Eurobond holders approve Alliance Bank restructuring
(SRI) - Eurobond holders have approved the restructuring plan presented by Alliance Bank in an extraordinary meeting on December 11, according to a press release.
Alliance Bank restructuring deadline extended
(SRI) - The Specialized Financial Court in Almaty has extended the deadline for Alliance Bank’s debt restructuring until March 15, the lender said last week. It was initially due to complete the procedures by December 15.
Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev
(SRI) - Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.
Alliance to hold creditors meeting in December to approve restructuring plan
(SRI) - Alliance Bank announced on Monday it would hold a creditors meeting on December 15 in Almaty to approve the bank’s debt restructuring plan.
Alliance loses $1.5 billion in Jan-Sep
(SRI) - Alliance Bank lost KZT224 billion ($1.5 billion) in the first nine months of 2009, the lender reported on Thursday. In the same period last year, Alliance recorded a loss of KZT988 million ($7 million).
KASE delists BTA and Alliance
(SRI) - The Kazakhstan Stock Exchange (KASE) announced on Friday preferred and ordinary shares of BTA Bank and Alliance Bank would be delisted from the exchange effective November 2.
