BTA Bank (Kazakhstan) appoints E. Balapanov Chairman of Management Board

April 17. KASE

BTA Bank (Kazakhstan) appoints E. Balapanov Chairman of Management BoardAt the first meeting of the Board of Directors of BTA Bank JSC with new members in participation of Creditor Directors Mr. Yerik Zhumakhanovich Balapanov is appointed as the Chairman of the Management Board of BTA Bank JSC.

“Experience of Mr. Yerik Balapanov in the banking business is important for our financial institution. Shareholders and Board of Directors believe that this appointment will help in successful restructuring of indebtedness, stabilization of Bank’s performance, gaining profit and restoring Bank’s positions in the market of financial services”, – Mr. Anvar Saidenov, Chairman of the Board of Directors commented.

Mr. Yerik Balapanov also commented: “Work as Chairman of the Management Board of BTA Bank is challenging and important for me. I will use all my experience and knowledge to achieve goals set by the shareholders”.

Mr. Askhat Beisenbayev who acted as Chairman of the Management Board since January, 2012 is appointed as First Deputy Chairman of the Management Board.

Besides, three Managing Directors – Ms. Dzhanna Akhmetzhanova (risk management), Ms. Natalya Loginova (financial unit), Ms. Kunsulu Kapbasova (retail business) have been elected as Members of the Management Board by resolution of the Board of Directors.

Powers of Mr. Nikolai Varenko, First Deputy Chairman of the Management Board Members who has submitted letter of resignation upon his own initiative are terminated by the same resolution of the Board of Directors.

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