Eurasian Bank
Eurasian Bank reports $9.5 million net loss in H1
(SRI) - Eurasian Bank reported last week a net loss of KZT1.4 billion ($9.5 million) in the first half of 2010, compared to a net profit of KZT158.9 million ($1.58 million) in the same period last year.
Moody’s assigns B1 rating to Eurasian Bank bond issue; negative outlook
(Moody’s) - Moody’s Investors Service has on June 30 assigned a B1 long-term local currency debt rating to the local currency-denominated bond issue of Eurasian Bank.
Eurasian Bank completes acquisition of Russian bank
(SRI) - Eurasian Bank has completed the acquisition of Russian Bank Troika Dialog by acquiring 99.99 percent of its shares, the Kazakh bank said in a statement last week.
Fitch revised Eurasian Bank outlook to from Negative to Stable
(Fitch Ratings) - Fitch Ratings has today revised the Outlook of Kazakhstan-based Eurasian Bank (EBK) to Stable from Negative and affirmed the bank’s Long-term Issuer Default Rating (IDR) at ‘B-’. A full rating breakdown is provided at the end of this comment.
Regulator gives go-ahead to Eurasian Bank acquisition
(SRI) - The Kazakh Financial Supervision Agency (FSA) gave a go-ahead to Eurasian Bank, one of the country’s ten largest banks, to buy Russian Bank Troika Dialog, the financial regulator said in a statement.
Eurasian Bank buys Russian lender
(SRI) - Eurasian Bank, Kazakhstan’s tenth largest bank, has bought for an undisclosed sum a banking subsidiary of Troika Dialog, Russia’s oldest brokerage.
Eurasian Bank considering acquisitions in Kazakhstan, abroad - CEO
(SRI) - Eurasian Bank, Kazakhstan’s tenth largest bank, may buy a mid-size Kazakh bank to increase its domestic market share and is considering strategic acquisitions overseas, the bank’s new CEO Michael Edgemont told Interfax.
Eurasian Bank assets up 30 percent in first half of 2009
(SRI) - Eurasian Bank said on Tuesday its assets grew 29.7 percent to KZT352.807 billion ($2.35 billion) in the first six months of 2009 while its net income fell 81 percent to KZT163 million ($1.1 million) compared to the first half of 2008.
Almaty court suspends and later upholds FSA’s dismissal of ex-CEO of Alliance Bank
(SRI) - After temporarily suspending the decision of the Financial Supervision Agency (FSA) to remove former Alliance Bank CEO Zhomart Yertayev from his new position as the CEO of Eurasian Bank last Friday, the Almaty District Court upheld the FSA’s decision on Monday.
Financial regulator orders dismissal of Eurasian Bank CEO
(SRI) - Kazakhstan’s Financial Supervision Agency (FSA) ordered the dismissal of Eurasian Bank’s chief executive Zhomart Yertayev and deputy chief executive Alexey Ageyev in connection with their activities as former top managers of Alliance Bank.
