BTA Bank completes debt restructuring

(SRI) - BTA Bank, Kazakhstan’s third-largest lender, said on Wednesday it had completed the restructuring of its $16.7-billion debt, reducing its liabilities to $4.2 billion.

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Samruk-Kazyna files claim against BTA over loans

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U.S. judge rejects BTA Bank’s bid to stop lawsuit

(SRI) - A federal bankruptcy judge has denied BTA Bank’s attempt to use U.S. bankruptcy law to shield it from an overseas legal proceeding, a ruling that limits the reach of the U.S. bankruptcy court in foreign insolvency disputes.

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BTA issues shares as part of restructuring

(SRI) - BTA Bank said last week it had issued 44,175,794,956 ordinary shares on August 19 under the debt restructuring plan. The new shares were reportedly placed by converting domestic bonds held by the state-owned holding and investment company Samruk-Kazyna which totaled KZT671 billion ($4.4 billion).

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ANALYSIS: BTA back from brink but still has legacy issues

(bne) - With its $11-billionn debt restructuring agreed, BTA Bank, once Kazakhstan’s largest lender, is set to resume its position as a serious competitive force within the sector.

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BTA Bank reports net loss of $796 million in H1

(SRI) - Kazakhstan’s BTA Bank reported a 2010 first-half net loss of KZT117.137 billion ($796 million), compared to a net loss of KZT1.518 trillion ($10.3 billion) in the same period of 2009.

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BTA to issue bonds to complete restructuring

(SRI) - BTA Bank, Kazakhstan’s third largest bank, will place nine bonds issues as part of its debt restructuring plan, the bank said in a statement.

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Sberbank seeking seat on BTA board

(SRI) - Russian Sberbank, the country’s largest state-owned bank, is seeking a seat on the board of directors of BTA Bank, Kairat Kelimbetov, head of the state holding and investment company Samruk-Kazyna, said on Friday.

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BTA to be sold only to strong foreign bank - Kelimbetov

(SRI) - Only a strong financial institution will be allowed to buy Samruk-Kazyna’s majority stake in BTA Bank, the state company’s head Kairat Kelimbetov told journalists on Monday, indicating that Russia’s Sberbank was in a good position to gain control over the Kazakh bank.

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Sberbank to decide on BTA acquisition in 2010

(SRI) - Sberbank plans to finalize its decision whether to buy a stake in Kazakhstan’s BTA Bank this year, head of the Russian bank, German Gref, said on Friday in a shareholders’ meeting.

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