ATF Bank
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.
UniCredit to boost ATF Bank’s capital by USD193 million
(SRI) - ATF Bank’s board of directors has approved a rights issue last week to raise KZT29 billion (USD 193 million), according to KASE. 3,625,000 new shares priced at KZT8,000 each will be placed.
ANALYSIS: UniCredit still positive on Kazakh move despite bad news
(bne) - Since UniCredit entered Kazakhstan in 2007 by acquiring ATF Bank, the country’s banking sector has undergone dramatic changes. Yet, despite the turmoil, Unicredit chief banker in Kazakhstan remains upbeat.
ATF Bank and Bank CenterCredit not participating in government’s bank rescue program
(SRI) - Contrary to earlier announcements, two foreign owned Kazakh banks, ATF Bank and Bank CenterCredit, will not participate in government’s scheme to take equity stakes in the country’s leading banks.
ANALYSIS: Foreign banks drive M&A activity in Kazakhstan
Unlike in most emerging economies, Kazakhstan’s banking sector has so far remained largely in local hands. However, recent acquisitions of local lenders by European and Asian banks suggest that the trend is changing.
