Astana Finance
Security service charges former Astana Finance bosses with embezzlement
(SRI) - Kazakhstan’s National Security Committee (KNB), the country’s security service, said on Tuesday it had charged defaulted Astana Finance’s former chairman Kintal Islamov and former chief executive Artur Akhmetov with embezzlement.
Astana Finance to present restructuring plan in June under new management
(SRI) - Astana Finance, one of four Kazakh lenders to default in 2009, said it plans to present a debt restructuring plan in June, as state holding and investment company Samruk-Kazyna took control over the company.
Astana Finance Bank names new head
(SRI) - Astana Finance Bank, a subsidiary of Kazakh lender Astana Finance, has named Aleksandr Artyshko the new head of the company, the Financial Supervision Agency (FSA) said in a statement.
Astana Finance head resigns
(SRI) - The head of Kazakh lender Astana Finance, Elmira Ibatullina, resigned her post as the company’s chief executive last week, Interfax reported.
Samruk-Kazyna to support Astana Finance
(SRI) - Astana Finance said on Wednesday it had signed a Memorandum of Understanding (MoU) with the state holding and investment company Samruk Kazyna, as it works to restructure its $1.7-billion debt.
FSA orders Astana Finance to cut stakes in subsidiaries
(SRI) - Kazakhstan’s Financial Supervision Agency (FSA) has ordered Astana Finance to decrease its stakes in its banking and insurance subsidiaries until it reaches a restructuring deal and boosts its regulatory capital, Reuters reported.
Astana Finance seeks extension of restructuring deadline; signs agreement with export credit agencies
(SRI) - Astana Finance has requested an extension of a deadline to submit its final debt restructuring plan to the Kazakh Financial Supervision Agency (FSA) until March 2010, the lender’s chairman Kintal Islamov said on Thursday.
Moody’s downgrades Astana Finance to C
(SRI) - Moody’s downgraded the long-term issuer and debt ratings of Astana Finance to C from Ca with a stable outlook.
Astana Finance signs term sheet with international creditors
(SRI) - Astana Finance signed an agreement with international creditors last week, outlining the planned restructuring of its debt, the lender said on Monday.
Astana Finance loses $778 million in Jan-Sep
(SRI) - Astana Finance reported a net loss of KZT116.7 billion ($778 million) in the first nine months of 2009, according to unaudited financial statements published on the website of the Kazakhstan Stock Exchange (KASE).
