SamrukKazyna buys into Temirbank
May 14. Interfax-Kazakhstan
SamrukKazyna Kazakh State Fund of National Welfare has acquired a shareholding in Temirbank, the Kazakhstan Stock Exchange (KASE) reported.
Thus, according to the register of the bank shareholders as at 12 May, 2010, SamrukKazyna held 75.93% in the total outstanding shares, Kazakhstan’s BTA Bank had 13.32%.
Meanwhile, state fund’s share in the total outstanding common shares was 79.93% (75.933 million) and BTA Bank held 14.02% (13.318 million).
The total authorized common shares total 95 million, while preferred stock comes to 5 million.
The bank repurchased 96,620 of its preferred shares.
Temirbank and its parent company BTA Bank are now restructuring the debts.
In the first half of 2009 Temirbank was ranked 78th by assets among the CIS banks and 10th among the Kazakh banks according to the Interfax-1000: CIS Bank ranking prepared by the Interfax Center of Economic Analysis; BTA Bank was ranked 8th and 1st respectively.