Yelena Bakhmutova

Kazakh Billionaire Said to Weigh Bid as State Sells Banks

Kazakh billionaire Bulat Utemuratov is looking at acquiring Alliance Bank and Temirbank as the country’s government sells lenders it acquired in bailouts, according to two people with knowledge of the matter.

Kazakh Wealth Fund to Cut Deposits in Foreign Banks by Half

Kazakhstan’s sovereign wealth fund said it’s seeking to cut the share of deposits it has in foreign banks and provide more liquidity to domestic lenders.

Kazakh Sovereign Wealth Fund Names Yelena Bakhmutova Deputy CEO

Kazakhstan’s sovereign wealth fund Samruk-Kazyna named Yelena Bakhmutova, the former head of the State Agency for Financial Supervision, deputy chief executive officer.

Alliance Bank, BTA, Temirbank Stake Sales Open to ‘Any Investor’

The sale of stakes in state-run Kazakh lenders BTA Bank, Alliance Bank and Temirbank will be open to “any investor,” according to the national wealth fund’s deputy chief executive officer.

Samruk-Kazyna Says Injections Into BTA Bank Are ‘Inevitable’

Samruk-Kazyna, a Kazakh sovereign- wealth fund that is the majority owner of BTA Bank, said it is “inevitable” that it will need to inject funds into the Kazakh lender.

Chairman Vanishes From Double-Defaulting Kazakh Bank

In a Muslim cemetery on a hill above Almaty, Kazakhstan’s largest city, a bronze bust of Erzhan Tatishev faces away from the headquarters of the bank he once led. It’s a fitting final gesture for BTA Bank JSC’s first chief executive officer, who died of a gunshot wound while hunting wolves near the Kyrgyzstan border in 2004.

Kazakh Regulator Urges Pension Funds to Sell Shares

Pension fund companies in Kazakhstan should sell shares on public stock markets to allow them to meet new requirements that take effect in the coming years, the head of the country’s market watchdog said.

Kazakhstan May Merge Temirbank With Alliance Bank, Interfax Says

Kazakhstan’s sovereign wealth fund Samruk-Kazyna is discussing a possible merger of state- controlled lenders AO Temirbank and AO Alliance Bank, Interfax reported, citing the fund’s deputy chief.

Kazakhs to Manage Stakes in Failed Lenders Via New Vehicle

Kazakhstan will consolidate state stakes in BTA Bank, Temirbank and Alliance Bank, three of the four Kazakh lenders that defaulted in 2009, in a new management company, central bank Chairman Grigori Marchenko said.

Kazakh Regulator to Push Banks to Cut Bad Loans With Stimulus

Kazakhstan’s Agency for Financial Supervision plans to encourage banks to reduce the number of nonperforming loans on their books after a 5.5 percent increase last year.

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