Monitoring press

01.09.2010
Kazakh bank BTA eyes portfolio growth, profit
ALMATY, Sept 1 (Reuters) - Kazakh bank BTA, fresh from a restructuring that slashed its debt by two thirds, aims to grow its loan portfolio by 10 percent annually until 2014 and forecasts a net profit in excess of $100 million next year.

05.08.2010
IFR: BTA Sets out Post Restructuring Plans - Sandrine Bradley
As the restructuring of Kazakhstan’s BTA Bank enters its final phase, chairman Anvar Saidenov has set out the bank’s post-restructuring plans and has predicted that it will remain in the hands of state fund Samruk-Kazyna for the foreseeable future.

05.08.2010
INTERVIEW: BTA Back from Brink but Still has Legacy Issues
With its $11bn debt restructuring agreed, BTA Bank, once Kazakhstan's largest lender, is set to resume its position as a serious competitive force within the sector.

09.05.2009
Battered and bruised but ready to move forward
BTA Bank has been at the centre of a financial storm involving a state bailout, Kazakhstan’s real estate crash and rotating central bank governors. However the tools to stabilise the situation now appear to be in place.

17.04.2009
BTA dismisses default talk as Alliance falls
The chief executive of Kazakhstan’s BTA Bank, Anvar Saidenov, this week insisted creditors had not demanded early repayment of their debt and that he was confident of his bank’s access to liquidity. Separately, its rival, Alliance Bank, announced that it was seeking a standstill agreement from its creditors.

06.10.2008
"Financial Crisis but, Opportunity for Expansion" BTA Chairman Solodchenko
"The world economy is now experiencing unseen financial crisis triggered by Wall Street. But, it is an opportunity for business expansion at the same time"

26.09.2008
Kazakhstan plans $6bn distressed loan fund
Fresh concerns about the stability of the Kazakh banking system emerged this week after the government unveiled a $6bn package to buy distressed loans from the country's banks.

25.09.2008
Kazakhstan plans for bailout fund - Government seeks to raise $6 billion to rescue bad loans
The Kazakhstan government is planning to raise a $6 billion fund to rescue distressed domestic loans from the balance sheets of Kazakh banks, in a move mimicking the U.S. Treasury's plan to prop up the banking sector by purging troubled assets from the financial system.

24.09.2008
Kazakhstan plans $6 bln bad loan buyout fund
ALMATY, Sept 24 (Reuters) - Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks and help the sector cope with the global credit crisis, the finance minister said on Wednesday.