ATF Bank
ATF reports losses in January - July
(SRI) - ATF Bank, the Kazakh subsidiary of Italian Unicredit banking group, lost KZT15.9 billion ($108 million) in January through July, compared with a profit of KZT1.1 billion ($7.5 million).
Unicredit not expecting further writedowns of ATF Bank
(SRI) -UniCredit does not plan to further write down the value ATF Bank, after it marked down the value of its Kazakh subsidiary by more than half a billion euros in less than a year, the head of its Austrian arm said last week.
Moody’s downgrades ATF Bank to Ba2
(SRI) - Moody’s Investors Service has on July 26 downgraded ATF Bank’s local- and foreign-currency deposit and senior unsecured debt ratings to Ba2 from Ba1.
ATF Bank to support trade activities in Kazakhstan
(SRI) - Unicredit, an Italian banking group, has allocated EUR100 million ($124 million) to support trade activities in Kazakhstan via ATF Bank, its Kazakh subsidiary, the bank said in a statement.
ATF Bank issues $102 million domestic debt
(SRI) - ATF Bank, a Kazakh subsidiary of the Italian Unicredit, said on Wednesday it had issued senior unsecured debt totaling KZT15 billion ($102 million). Fitch, the rating agency, has assigned the issue BBB long-term rating and AAA(kaz) national long-term rating.
IFC lends $60 million to ATF Bank
(SRI) - The International Finance Corporation (IFC) has lent $60 million to ATF Bank, Kazakhstan’s fourth largest bank, to facilitate small business financing, the bank said on Tuesday.
ATF Bank repays $200 million Eurobond
(SRI) - ATF Bank, Kazakhstan’s fourth largest bank, successfully repaid a $200-million Eurobond using its own funds, the bank announced on Monday.
Fitch affirms DBK and ATF Bank
(Fitch Ratings) - Fitch Ratings has today affirmed the Development Bank of Kazakhstan’s (DBK) and ATF Bank’s (ATF) Long-term foreign currency Issuer Default Ratings (IDRs) at ‘BBB-’ and ‘BBB’, respectively.
EBRD to lend $100 million to ATF Bank
(SRI) - The European Bank for Reconstruction and Development (EBRD) will lend $100 million to ATF Bank, a Kazakh subsidiary of Italian Unicredit, to finance SME and energy-saving projects.
ATF Bank to cut 600-700 jobs
(SRI) UniCredit will cut 600-700 jobs at its Kazakh subsidiary ATF Bank in a quest to reduce costs, Federico Ghizzoni, Head of the East European division of the UniCredit Group said last week.
