Punjab National Bank to buy Kazakhstan‘s JSC Dana Bank

Punjab National Bank to buy Kazakhstan‘s JSC Dana BankPunjab National Bank the public sector bank has proposed to buy over stake in the JSC Dana Bank according to the MD K R Kamath. PNB which is planning to buy 64% stake in the Kazakhstan bank will spend over $24 millions or Rs. 111.30 Crore for the stake in the Kazak banks. The bank is likely to increase their funds for the needed expansion plans are trying to raise $100 million for the move.

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JSC BTA Bank Announces the Approval of the Restructuring Plan

JSC BTA Bank Announces the Approval of the Restructuring PlanJSC BTA Bank is delighted to announce that its Restructuring Plan relating to KZT 2,442 billion (US$ 16.65 billion) of the Bank’s financial indebtedness was today approved at the Claimant’s Meeting in Almaty by Claimants holding KZT 2,247.4 billion of the Bank’s financial indebtedness (representing 92.03 per cent. of the total financial indebtedness subject to the Restructuring).

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Kazakh finance officials reported to President for 2009

Kazakh finance officials reported to President for 2009Head of the State Nursultan Nazarbayev has held a session where chairmen of the National Bank of Kazakhstan, Financial Supervision Agency and Agency on Regulation of Activities of the Regional Financial Center of Almaty city presented reports on their work in 2009; the Presidential press service told Kazinform.

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