Rus News Journal

Experts: the Savings Bank hardly probable will agree to buy BTA - bank

the Government of Kazakhstan in the name of joint-stock company Fund of national well-being Samruk - Kazyna has suggested the Russian Savings Bank to get a share holding of the largest Kazakh bank - BTA - bank. As the newspaper daily writes today, experts doubt that the Savings Bank will agree on the transaction as it is much more important to largest bank of Russia to concentrate on optimisation of own business.
yesterday joint-stock company Fund of national well-being Samruk - Kazyna has got additional issue (29 million 915 thousand 425 actions) joint-stock company BTA - bank for the sum nearby 2,068 mlrd dollars As have informed (Kazakhstan) in a press - service Russian daughters the Kazakhstan bank of Open Company BTA - bank to the government of Kazakhstan at present belongs about 75 % of actions of bank.
in turn the prime minister - the minister of Kazakhstan Brown Masimov has told that Samruk - Kazyna begins negotiations with potential strategic investors about a cedation of a part of a share holding. now pass exploratory talk with representatives of the Savings Bank of Russia - he has noted.
the director of department for corporate communications of the Savings Bank Irina Kibina has told that the bank considers a question on acquisition of a share holding of joint-stock company BTA - bank (Kazakhstan), thus without having specified, what volume of actions can be got. we have received from the government of Kazakhstan the offer on occurrence in the capital Kazakhstan BTA - bank. At present we consider this offer, negotiations are carried on, they are at the earliest stage. Any decisions it is not accepted " yet; - has noted I.Kibina.
as writes daily experts doubt that the Savings Bank will agree on the transaction. it is not excluded that the Savings Bank will refuse the transaction - analyst IK " considers; Brokerkreditservis Denis Mukhin. As he said, at current market condition and a current situation in bank sector it is more expedient to concentrate on optimisation of existing business and not to think of expansion. Besides the Savings Bank already has in Kazakhstan an affiliated bank - DB joint-stock company the Savings Bank which enters into ten banks under the capital in republic. all will depend on the price and from conditions. While after all it is not clear that is on sale: branches BTA - bank, clients or debts - analyst IK " speaks; JuniKredit Aton Rustam Botashev.
Experts notice that, in case of purchase BTA - bank, the Savings Bank should incur and credits of bank in volume in 12 mlrd dollars. Acquisition BTA - bank can negatively be reflected in some indicators of the Savings Bank, in particular on its capitalisation and on quality fondirovanija.
Besides, it is necessary to consider that the bank sector of Kazakhstan is on the verge of crash. As mark local mass-media referring to the vice-president of executive committee of Association of banks of Kazakhstan B.Baisheva, the total sum of the delayed credits of banks of Kazakhstan makes 8,2 mlrd dollars, or 9,9 %. So, Kazkommertsbank has the delayed credits on 2,8 mlrd dollars, BTA - bank - 1,26 mlrd dollars, the Alliance Bank - 725 million dollars, ATFbank - 700 million dollars. Work in such market hardly probable will make for the Savings Bank in the near future profit.
joint-stock company BTA - bank (before joint-stock company Bank TuranAlem ) Is one of the largest banks of Kazakhstan, has 22 branches and 279 branches across Kazakhstan. Bank network BTA extends to Russia, Ukraine, Belarus, Kirghizia, Armenia, Georgia. The consolidated actives of joint-stock company BTA - bank following the results of III quarter 2008. Have made 30,6 mlrd the dollars, the consolidated net profit of bank following the results of III quarter has made 293 million dollars