«BTA Bank» JSC: Changes in the Board of Directors and Management Board of Bank

Almaty, 24 July 2013. In accordance with recommendations made by its Committee on appointments, remuneration and social issues, the Board of Directors of BTA Bank (the Bank) took a number of resolutions related to changes in the Board of Directors and Management Board of the Bank (Resolution No.20 dated 17 July 2013).

According to those resolutions, notice from Mr. Yerik Balapanov on termination of his powers as a member of the Board of Directors, representative of Samruk-Kazyna JSC and Chairman of the Management Board of the Bank upon his own initiative has been approved. Mr. Askhat Beisenbayev, First Deputy Chairman of the Management Board is temporarily appointed as an acting Chairman of the Management Board of the Bank.

Mr. Umirzak Shukeyev, Chairman of the Management Board of Samruk-Kazyna JSC commented on changes in the Management Board of the Bank:
“On behalf of the major shareholder of the Bank I extend profound gratitude to Mr. Yerik Balapanov for his considerable contribution in ensuring BTA’s stable work during one of the most difficult periods in its history. Largely owing to efforts of Mr. Yerik Balapanov as a crisis manager and his team we managed to achieve the strategic goals such as completion of the second restructuring of BTA’s liabilities to its creditors and ensure development of the financial institution”.

Pursuant to non-audited non-consolidated statements, for the first time since 2009 the Bank realized net profit from operational activities which amounted to KZT 21.2 bln. for six months of 2013. As of 30 June 2013 the Bank’s net profits since the year beginning amounted to KZT 21.2 bln., assets to KZT 1.53 trln., loan portfolio to KZT 607.2 bln., deposit portfolio to KZT 531.2 bln., equity to KZT 232.1 bln. 

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