Kazinvestbank

KazInvestBank, previously KazInterBank, was established in 1993 as an investment bank, providing banking services connected to bringing investment to Kazakhstan and assisting in the privatization of state shares in Kazakhstan blue chip companies.

The bank began commercial banking operations in April 2004, and since that time it has become one of the fastest-developing commercial banks in Kazakhstan, with assets increasing from USD 8 million to USD 170 million (as of September 1, 2006) . Shareholder equity grew from USD 7 million to USD 24 million (as of September 1, 2006).

History

1993 Foundation of Kazakhstan International bank with 50% interest of the Government of the Republic of Kazakhstan and 50% interest of Chase Manhattan Bank, NY. KazInterBank becomes the first investment bank in both the Republic of Kazakhstan and Central Asia.

1995 A share of Chase Manhattan Bank is acquired by the Government of Kazakhstan due to changes in banking regulations. The Bank becomes private following privatization process.

1995-2003 The bank provides primarily investment banking services, attracting investments to Kazakhstan, and assisting in privatization of state shareholdings in Kazakh companies.

1998 KIB acted as advisor to help complete a merger of two major geophysical companies, International Energy Services Inc. (USA) and Azimuth (Kazakhstan) with a combined asset value of USD 40 million.

2003 KIB is acquired by new shareholders. New strategy is set to develop a universal commercial bank rendering a full range of services to corporate clients throughout Kazakhstan.

March 2004 The bank joins the Kazakhstan Individual Deposit Guarantee (insurance) System

April 2004 KazInvestBank obtained a banking license for main banking services and opens its first operating office in Almaty.

June 2004 KIB jointly with Credit Suisse First Boston International arranged USD 105 million pre-export facilities for JSC Food Contract Corporation. This was the largest deal in the agriculture financing sphere in Kazakhstan.

December 2004 Adnan Ally Agha who has 16-year experience in Citigroup is appointed Chief Executive Officer. New management joined from Citigroup, ABN AMRO Bank, AIG, and ING.

February 2005 KazInvestBank common shares passed “A” listing requirement on KASE.

July–August 2005 Oleg Kononenko having 14-year experience joined KazInvestBank as a member of the Board of Directors. His Temirbank team helped to expand business operations in branches and retail business development, SME financing.

September 2005 KazInvestBank obtained a license for complete range of banking services, including issuance of cards and issuance/confirmation of letters of credit.

December 2005 KIB subordinated bonds passed listing procedure on KASE under "A" category

February 2006 KIB acted as an arranger and a subscription agent for the first issue of international securities on the local market (JP Morgan Chase Bank placed 10-year bonds on the Kazakhstani market in the amount of KZT 13,2 billion)

June 2006 The completion of the consolidation project of KIB’s operational system in branches which allows to present same services to customers in all branches and subsidiaries.

December 2006 Dec. 4, 2006 - Standard & Poor's Ratings Services said today that it assigned its 'B/B' long- and short-term counterparty credit ratings to Kazakhstan-based KazInvestBank (KIB). At the same time, it assigned its 'kzBB+' Kazakhstan national scale rating to the bank. The outlook is stable.

February 2006 EBRD approved US$10 million line under trade facilitation program. It will contribute to the development of trade finance products and strengthen the position of IRB in the international market.

June 2006 The completion of the consolidation project of KIB’s operational system in branches which allows to present same services to customers in all branches and subsidiaries.

December 2006 Dec. 4, 2006 - Standard & Poor's Ratings Services assigned its 'B/B' long- and short-term counterparty credit ratings to Kazakhstan-based KazInvestBank (KIB). At the same time, it assigned its 'kzBB+' Kazakhstan national scale rating to the bank.

February 2007 EBRD approved US$10 million line under trade facilitation program. It will contribute to the development of trade finance products and strengthen the position of IRB in the international market.

June 2007 EBRD (European Bank for Reconstruction and Development) and CVCI (City Venture Capital International) jointly acquire 40% equity in KazInvestBank Bank.

July 2007 EBRD increase trade facility to US$30 million. The enhancement will be used to expand trade facilities for KIB customer.

August 2007 EBRD doubles credit line to US$60 million.

September 2007 KazInvestBank decides to start retail banking in Kazakhstan and start building a retail team.

September 2008 JSC “KazInvestBank” opens a new branch in Almaty city located at 154 A, Nauryzbay Batyra street.

June 2008 Phone banking with IVR system was launched. Mortgages/Secured loan for customers was introduced.

April 2008 Personal Loan program along with re-finance feature was introduced. First loan was booked in April.

March 2008 Retail Business software was launched. Priority Banking for VIP customers was launched. Debit cards payroll product was launched as a stand alone Retail business proposition.

January 2008 JSC “KazInvestBank” has completed the stage of forming a retail management team and gears up toward starting retail product’s sales and promotion.

2009 National Holding (PC) KazAgro "in the agricultural credit program subjects accepted bids amounting to 84.7 billion tenge. Today Chairman of the JSC "TH" KazAgro "Asylzhan Mamytbekov in the meeting of the State Commission to modernize the economy, under the chairmanship of Prime Minister of Kazakhstan Karim Masimov, informed with reference to press service, Prime Minister of Kazakhstan.

According to the head "KazAgro, to date, JSC" TH "KazAgro" accepted bids amounting to 84.7 billion tenge. Of these approved projects to 54.7 billion tenge. The actual amount funded under the program of projects was more than 19.4 billion tenge.

"The Commission has also consider a proposal to introduce JSC “Kazinvestbank” in the number of banks - participants of the current agricultural lending entities, given the availability of its customer base, focusing on agribusiness and the conformity of the bank's requirements FMSA "- said the press service.

According to the press service, the members of the State Commission on modernizing the economy of Kazakhstan approved the course of implementation of measures for the agricultural credit and the suggestions made.

References

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