Kazkommertsbank announces Senior Debt repayment on maturity
29 November 2016, Almaty, Kazakhstan. JSC Kazkommertsbank (the Bank), one of the largest banks in Kazakhstan and Central Asia, has announced today the repayment of its Senior Unsecured Debt issued in November 2006 for the original amount of US$ 500 million.
“The Bank continues its history of timely servicing and repayment of wholesale funding. The source of repayment was accumulated liquidity of the Bank without additional borrowing” – said First deputy CEO Mr. Abay Iskandirov.
JSC Kazkommertsbank (KKB) is one of the largest banks in Kazakhstan and Central Asia with total assets of KZT 5,094 billion at 31 December 2015.
In addition to its core banking business (retail and corporate) KKB has subsidiaries active in pension fund management, asset management, insurance and brokerage. KKB also has foreign subsidiaries in the Russian Federation, Kyrgyzstan and Tajikistan.
Major shareholders of Kazkommertsbank include Mr. Kenges Rakishev, Central Asian Investment Company and Mr. Nurzhan Subkhanberdin, Qazaq Financial Group, the Kazakh Government through the Samruk-Kazyna National Welfare Fund. KKB completed an IPO in GDR form on the London Stock Exchange in November 2006, the first CIS bank to do so, in a deal totalling US$845 million. The Bank’s shares are listed on the Kazakhstan Stock Exchange.
Vadim Jadrikhinsky, Capital markets
Alma Buirakulova, Investor Relations
Tel.: +7 (727) 258-51-25
Larissa Kokovinets, Director, Public Relations
Tel.: +7 (727) 258-54-56