Bank CenterCredit 2009 profit hurt by disappointing fourth quarter

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Fitch affirms Bank CenterCredit following Kookmin stake increase

(Fitch Ratings) - Fitch Ratings has affirmed Bank CenterCredit’s ratings, including its Long-term Issuer Default Rating (IDR) of ‘B’ with a Stable Outlook.

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Fitch revises outlooks for Halyk and Bank CenterCredit

(Fitch) - Fitch Ratings has on January 22 revised Kazakhstan-based Halyk Bank’s and Bank CenterCredit’s (BCC) Outlooks to Stable from Negative and Evolving, respectively.

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EBRD to lend $50 million to Bank CenterCredit

(SRI) - The European Bank for Reconstruction and Development (EBRD) will lend $50 million to Bank CenterCredit (BCC). The two banks plan to sign a loan agreement on Wednesday, December 2.

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Bank CenterCredit net income down 11 percent in Jan-Sep

(SRI) - Bank CenterCredit (BCC), Kazakhstan’s sixth largest bank, reported a net income of KZT5.46 billion ($36.4 million) in the first nine months of 2009, down 11 percent compared to the same time period in 2008, according to its preliminary financial statements.

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IFC to take 12.5-percent stake in Bank CenterCredit

(SRI) - Bank CenterCredit (BCC) said in a press release on Monday that the International Finance Corporation (IFC), the private equity arm of the World Bank, will take a 12.5-percent equity stake in the bank and provide a subordinated loan of $85 million.

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BCC reports $72-million net profit in H1

(SRI) - Bank CenterCredit (BCC), Kazakhstan’s sixth largest bank, reported first half net income of KZT10.4 billion ($72 million), according to a statement published on the Kazakhstan Stock Exchange (KASE).

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Kookmin shelves plan to buy controlling stake in Bank CenterCredit

(SRI) - South Korea’s Kookmin Bank has reportedly shelved its plan to buy a controlling stake in Kazakh Bank CenterCredit (BCC) this year and will cap its ownership interest at 41 percent.

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Kookmin in talks to increase stake in Bank CenterCredit

(SRI) - South Korea’s largest bank Kookmin reportedly plans to acquire a majority stake in Bank CenterCredit (BCC), Kazakhstan’s sixth largest bank, AFP said on Wednesday quoting Korean media reports.

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Bank CenterCredit opens representation office in Ukraine

(SRI) - Bank CenterCredit (BCC), Kazakhstan’s fifith largest bank, opened a representation office in Kyiv, Ukraine, the bank reported.

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