The two largest banks in Kazakhstan have completed the merger / News / Finance.ua



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"We have completed a grand process that has lasted more than a year and a half since the start of negotiations, the due diligence procedure, prior to the acquisition of shares of Kazkomertsbank, the implementation of the transaction itself and finally the integration linking two banks.All measures for the transfer of the People's Bank and Kazkomertsbank to a single technological platform are completed in accordance with the timetable, "said the president board of directors of the National Umut Shayakhmetov Bank

. The deed of transfer was approved on July 26.

According to the decisions of the shareholders, 758 million 687 thousand 723 ordinary shares of the National Bank were distributed to the shareholders of Kazkomertsbank (with the exception of the National Bank) KKB

In addition, the People's Bank and KKB have completed all the technological work which has resulted in the customers of both banks now being serviced in all the branches and branches of the People's Bank. The subsidiaries of KKB become subsidiary organizations of the People's Bank

As it was reported, the Board of the National Bank in December 2017 approved the integration with Kazkomertsbank adhering to it KKB . In 2005, the People's Bank completed the acquisition of 96.81% of the ordinary shares KKB by the Kazakh businessman Kenesh Rakisheva (86.09%) and the JSC "Samruk-Kazin National Social Assistance Fund" (10.72%). In mid-November, Almix Holding Group, which controls the People's Bank, became the largest shareholder KKB with a 25.02% stake.

Currently, the People's Bank holds 69.94% of the common shares KKB Almeks Holding Group – 23.13%

The Halyk Group, which includes the Halyk Bank, Kazkomertsbank and Altyn Bank, is one of the largest private financial groups in . ] CIS according to the size of the assets. The Halyk group is also represented in Georgia, Kyrgyzstan, Tajikistan and Russia.

The People's Bank through the holding group "Almex" controls the daughter and son-in-law of Kazakh President Dinara and Timur Kulibayev. [ad_2]
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