Astana Finance

This tag is associated with 1 posts

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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