Bank CenterCredit
Bank CenterCredit’s income down, assets up
(SRI) - Bank CenterCredit’s net income in the first nine months of the year was KZT 7.081 billion (USD 59 million), a 25 percent drop from the same period last year.
Kookmin Bank buys 23 percent stake in Bank CenterCredit
(SRI) - Kookmin Bank, Korea’s largest bank, completed its acqusition of a 23 percent stake in Bank CenterCredit, the Kazakh bank said on Wednesday.
Bank CenterCredit assets up in H1
(SRI) - Bank CenterCredit, the sixth largest bank in Kazakhstan, had total assets of KZT 900.5 billion, nearly KZT 20 billion more than at the beginning of the year, the bank said in its unconsolidated financial statements published on Friday.
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.
FSA gives South Korean Kookmin Bank the status of a bank holding company of Bank CenterCredit
The Kazakh Financial Supervision Agency (FSA) has given South Korean Kookmin Bank the status of a bank holding company of JSC Bank CenterCredit, the Kazakhstan Stock Exchange (KASE) says in a statement referring to a copy of FSA’s resolution.
As reported, in March 2008 JSC Bank CenterCredit, the sixth largest bank in Kazakhstan, announced its intent to sell a 30% stake to South Korean Kookmin Bank in a deal that should be finalized by late October.
Kazakhstan Business and Economy Roundup - June 23, 2008
Marubeni, Kazakhstan to work on emissions projects
(Reuters) - Japan’s Marubeni Corp and Kazakhstan’s Environmental Protection Ministry have signed a pact to jointly promote the development of projects to cut greenhouse gas emissions in Kazakhstan, the Japanese trading firm said on Friday.
Emirates’ Alnair to buy 25 percent of Kazkommertsbank’s shares
(Silk Road Intelligencer) - Alnair Capital Holding has bought an 8 percent stake in Kazkommertsbank and expects the Financial Supervision Agency (FSA) to approve its plan to bring its holdings to 25 percent.
Bank CenterCredit borrows $40 ml from DEG
(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.
Highway to prosperity
(neweurasia.net) - Bob Zoellick used his three-day trip to Kazakhstan to announce a $2.5 billion infrastructure project together with Prime Minister Massimov - a long planned trade corridor linking China and Europe by road.
Nazarbaev suggests elevating status of Kazakh-Japanese economic cooperation (Interfax)
Syrdarya Control & Northern Aral Sea Phase 2 Project to commence in 2009 (Interfax)
Kazakhstan, Hungary governments to develop economic cooperation (Kazakhstan Today)
Belarus ratifies agreement with Kazakhstan, Russia on coordinated policy on sanitary measures (Kazinform)
Kazakhstan’s joining the CGIAR to be discussed in Astana (Kazinform)
National Bank of Kazakhstan: Exchange rates June 21, 22, 23, 2008 (Kazinform)
Indicators - June 20, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Bank CenterCredit borrows $40 ml from DEG
(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.
Consolidation of Kazakhstan’s Banking Sector Likely
Two weeks ago, Korean Kookmin Bank announced that it held talks with Bank CenterCredit to buy a controlling stake in the mid-size Kazakh bank.
