Kazakh Eurasian Bank Appointed New CEO

Eurasian Bank Appointed New CEO

According to the Kazakhstan Stock Exchange (KASE) website, Michael Eggleton stepped down as a Chief Executive Officer of Eurasian Bank JSC (Kazakhstan).

On December 5, Pavel Loginov was elected as the new CEO.

Michael Eggleton headed the bank since 2009.

Eurasian Bank JSC is a universal bank offering its products and a variety of services to customers. Founded in 1994, the bank has branches in all regions of Kazakhstan.

It also owns a subsidiary bank in Moscow, Russia with branches in Novosibirsk, Omsk and Chelyabinsk.

Eurasian Bank JSC‘s current S&P rating is “B”, forecast “Stable”. The bank is officially listed on the KASE and a member of KazPrime.

Eurasian Bank JSC is a fully owned subsidiary of Eurasian Financial Company JSC.

Eurasian Bank is the ninth largest lender in Kazakhstan, headquartered in Almaty. It was founded in 1994 as a closed joint-stock company, and reregistered in 2003 as a joint stock company due to joint stock company law changes. The Bank is owned 100% by Eurasian Financial Company JSC, which is 100% owned by three equal shareholders: Alexander Mashkevich, Alijan Ibragimov, Patokh Shodiyev (aka Patokh Chodiev). The three men are known as the “kazakh trio”.