ATFBank (Kazakhstan) informed on completion of deal between LLP KazNitrogenGas and UniCredit Bank Austria completion of deal on acquisition of 99.75 % shares of the bank
May 2. KASE
ATFBank (Almaty), securities of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of May 2, 2013:
LLP KazNitrogenGas and UniCredit Bank Austria announced completion of the deal on buying-selling 99.75% stake in ATFBank. The deal total amount made up ATFBank Group equity size. The deal was approved by the National Bank of the Republic of Kazakhstan on March 29, 2013.
Mr. Romeo Collina. Who was Chairman of ATFBank Management Board till April 30, 2013 emphasized that UniCredit decided to sell Kazakhstan bank under the strategic plan on optimization of business in Central and Eastern Europe.
“ATFBank is a sustainable financial organization and has high reputation among clients. We are proud that we have built up very strong and highly professional team of managers. We are confident that with the new shareholder ATFBank will strengthen its success and will continue providing wide range of services, develop new products and services. The Bank team intends to retain high level of servicing quality and even improve it”, – said Mr. Collina.
Mr. Antony Espina, ATFBank Board of Directors member expressed gratitude to the bank management for efficient organization of the bank.
“ATFBank corporate management, transparency, policy and procedures meet bet western standards, and the bank staff consists of high qualified managers and specialists. Today, ATFBank enters five best commercial banks of the country. We intend to develop the bank and banking services in Kazakhstan, contributing to the country economy development. ATFBank will keep and strengthen its strengths, including the staff, quality and ttrtactiveness of products and services, affiliates and banking technologies”, – said Mr. Espina.