U.S. court grants BTA bankruptcy protection

(SRI) - A U.S. bankruptcy court granted BTA Bank protection from U.S. creditors so that it may complete the restructuring of its $11.6-billion debt, Reuters reported.

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Kazakh lender BTA Bank files U.S. bankruptcy

(Reuters) - BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home.
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BTA to start detailed sale talks with Sberbank in April

(SRI) - Samruk-Kazyna, the state holding and investment company, plans to hold detailed talks on selling BTA Bank to Russia’s Sberbank in the second quarter, once the bank secures a restructuring deal with creditors.

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BTA’s Russian subsidiary secures Eurobond restructuring agreement

(SRI) - BTA Bank (Moscow) bondholders agreed to restructure the Slavinvest Finance Eurobond, the bank said in a statement.

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BTA creditors to consent to restructuring deal by March - Marchenko

(SRI) - BTA Bank, which reached a preliminary restructuring agreements this week, expects two thirds of creditors to give their consent to restructure the debt by March, according to central bank chairman Grigoriy Marchenko.

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BTA strikes restructuring deal with creditors

(SRI) - BTA Bank, Kazakhstan’s embattled lender, has reached a deal to restructure its $11.6-billion debt on December 7, the bank said in a statement.

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Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev

(SRI) - Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.

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BTA loses $13.4 billion in Jan-Sep

(SRI) - BTA Bank, until recently Kazakhstan’s biggest bank, lost KZT2 trillion ($13.4 billion) in January through September, the bank reported on Thursday.

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KASE delists BTA and Alliance

(SRI) - The Kazakhstan Stock Exchange (KASE) announced on Friday preferred and ordinary shares of BTA Bank and Alliance Bank would be delisted from the exchange effective November 2.

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Financial court approves BTA restructuring plan

(SRI) - A special financial court in Almaty approved BTA Bank’s debt restructuring plan, the lender said on Friday. The decision provides a boost to the bank’s efforts to restructure its $10.3 billion debt.

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