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| company_logo = [[File:BTA_Bank_logo_en.jpg|200 px]]
| company_logo = [[File:BTA_Bank_logo_en.jpg|200 px]]
| company_type = [[Joint-Stock Company]]
| company_type = [[Joint-Stock Company]]
| license = No.242 dated March 4, 2008
| license = No.242 dated March 4, 2008
| activities = All types of banking activities
| activities = All types of banking activities
| moto = Time for new opportunities
| moto = Time for new opportunities
| founded = [[1991]]
| founded = [[1991]]
| headquarters = {{флагификация|Kazakhstan}}: [[Almaty]]
| headquarters = {{флагификация|Kazakhstan}}: [[Almaty]]
| key people = [[Bakhmutova, Yelena Leonidovna|Yelena Bakhmutova]] (Chairman of the Board of Directors), <br />[[Damitov, Kadyrzhan Kabdoshevich|Kadyrzhan Damitov]] (Chairman of the Management Board)
| key people = [[Bakhmutova, Yelena Leonidovna|Yelena Bakhmutova]] (Chairman of the Board of Directors), <br />[[Damitov, Kadyrzhan Kabdoshevich|Kadyrzhan Damitov]] (Chairman of the Management Board)
| equity = KZT 287.4 bln. <br />(June 30, 2013)
| equity = KZT 287.4 bln. (June 30, 2013)
| assets = KZT 1,621 bln.<br />(June 30, 2013)
| assets = KZT 1,621 bln. (June 30, 2013)
| net income = KZT 15.6 bln.<br />(June 30, 2013)
| net income = KZT 15.6 bln. June 30, 2013)
| auditor = [[Ernst & Young]]
| auditor = [[Ernst & Young]]
| website = [http://www.bta.kz bta.kz], [http://бта.қаз бта.қаз]
| website = [http://www.bta.kz bta.kz], [http://бта.қаз бта.қаз]

Revision as of 10:52, 1 October 2013

Template:Значения

BTA Bank JSC
Company typeJoint-Stock Company
Founded1991
Total assetsKZT 1,621 bln. (June 30, 2013)
Total equityKZT 287.4 bln. (June 30, 2013)
Websitebta.kz, бта.қаз


BTA Bank JSC (Template:КФБ) — is the third largest lender in Kazakhstan by assets (as of August 1, 2013).

Full name — BTA Bank Joint-Stock Company.

Head Office — in Almaty.

Activities

BTA Bank provides a wide range of banking services to the individuals, SMEs, major corporate customers. The Bank’s branch network includes 19 branches and over 170 outlets around Kazakhstan. International representative offices of the Bank are located in Russia, Great Britain and China. BTA’s banking networks are spread around Kazakhstan, Russia, Belarus, Ukraine, Kyrgyzstan, Armenia, Georgia andTurkey.

BTA’s modern technologic infrastructure enables the customers to make most transactions remotely at any convenient time. BTA’s alternative service channels network includes over 880 ATMs, over 1,130 POS-terminal in trade and service outlets, 170 self-service terminals, BTA24 БТА24 round-the-clock online service and SMS-banking.

Financial performance

According to the audited consolidated statements, as of 31 December 2012 the Group’s assets amounted to KZT 1.6 trln., loan portfolio (net) — KZT 645 bln., liabilities — KZT 1.3 trln., equity — KZT 268.6 bln. The Group’s net income for 2012 amounted to KZT 370.3 bln.

According to unaudited interim condensed consolidated IFRS statements as of June 30, 2013 the Group’s assets amounted to KZT 1,621 bln., loan portfolio (net) – KZT 636 bln., liabilities – 1,334 bln., equity – KZT 287.4 bln. Net income of the Group for the first 6 months of 2013 amounted to KZT 15.6 bln.

Shareholders and management

Major shareholder of BTA Bank is the Government of the Republic of Kazakhstan represented by Samruk-Kazyna JSC, which holds 97.3% of common shares in the Bank as the result of 2009–2012 restructurings. BTA Bank’s creditors who converted former liabilities to new notes and shares hold 2.5% of common shares in the Bank. Minority shareholders who held Bank’s shares prior to 2010 restructuring hold in aggregate 0.2% of the Bank’s shares.

Previously 58 % of the Bank’s shares were held by a group of Kazakh businessmen leaded by Mukhtar Ablyazov, another 11% were held by the family of late Yerzhan Tatishev, minority stakes were held by EBRD, IFC and FMO.

Chairman of the Board of Directors of the Bank is Ms. Yelena Bakhmutova Deputy Chairman of the Management Board of Samruk-Kazyna JSC (since February 15, 2013). Chairman of the Management Board — Mr. Kadyrzhan Damitov (since August 5, 2013).

History

First stage

File:Logo turanalem bank.jpg
TuranAlem logo

|right|thumb|200 px|Bank TuranAlem logo]]

On October 15 1925 Presidium of Central Council of the Kazakhstan national economy ruled to open the department of Promyshlennyi (Industrial) Bank (Prombank).

During the soviet period the bank has undergone several reorganizations. In 1991 it was re-established as Turanbank, the Kazakh Republican Bank of the State commercial industrial and construction bank. In 1991 Turanbank was established on its basis. In 1992 the bank was renamed to Alem Bank Kazakhstan, the Bank of foreign economic activities of the Republic of Kazakhstan.

On January 15, 1997 Bank TuranAlem Closed Joint-Stock Company was established in accordance with the Decree of the Government of the Republic of Kazakhstan “On reorganization of the Kazakh joint-stock bank Turanbank and joint-stock bank AlemBank Kazakhstan”. On October 1 1998 Bank TuranAlem CJSC was renamed to Bank TuranAlem OJSC and then to Bank TuranAlem JSC.

File:BTA Bank logo en.jpg
BTA Bank JSC logo

In spring 2008 the bank made rebranding, which resulted in the change of the name, logo and corporate identity of the bank. Currently BTA Bank JSC name is not perceived as an acronym anymore.

Events of 2009–2012

In February 2009 Samruk-Kazyna Fund purchased 75.1% of BTA Bank’s shares as part of contingency measures of the Government of the Republic of Kazakhstan. As the result the bank gained additional capital of KZT 251.3 bln.

During 2009-2010 BTA Bank has completed restructuring of its certain financial indebtedness. As the result the bank’s indebtedness decreased from $16.65 bln. to $4.2 bln, Samruk-Kazyna Fund’s share in the capital increased up to 81.48%, both domestic and foreign creditors became the Bank’s shareholders holding 18.5% in the capital.

Due to aggravation of the Bank’s financial status during 2011, relative shortage of liquid assets and negative financial performance, in 2012 BTA Bank started the second restructuring which resulted in cancellation of the Bank’s certain financial indebtedness. In consideration, the creditors received $1,618 cash and $750 mln. New Notes.

BTA Bank also entered into a revised Revocable Committed Trade Finance Facility (RCTFF) with liabilities amounting to around $348 mln. as of the restructuring date. Samruk-Kazyna Fund extended $1.592 bln. loan to BTA Bank JSC subordinated to the New Notes and RCTFF.

During the restructuring BTA Bank was recapitalized for around $10 bln. Share of Samruk-Kazyna in the Bank’s equity increased up to 97.3%. Creditors’ share amounted to 2.5%, share of minority shareholders, who held shares prior to 2009–2010 restructuring, amounted to 0.2% of the Bank’s shares in aggregate.

Events of 2013

After successful completion of rather difficult and scaled restructuring process BTA Bank focused on restoration of its former market positions and currently is a stable and sustainable financial institution. During the first six months of 2013 BTA Bank received KZT 15.579 bln. of net income (unaudited interim condensed consolidated IFRS statements).

In June 2013 The Board of Directors terminated powers of Mr. Yerik Balapanov who chaired the Bank’s Management Board since April 2012 upon his own initiative. On 5 August 2013 Mr. Kadyrzhan Damitov was appointed as the Chairman of the Management Board of the Bank

BTA Group

BTA conglomerate is represented in Kazakhstan, Ukraine, Russia, China, Turkey, Georgia, Belarus, Armenia.

Strategic partner banks

Other companies in BTA Group

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