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BTA Bank Gets New CEO

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  • BTA Bank Gets New CEO

    BTA BANK GETS NEW CEO

    ARKA
    Dec 1, 2008

    YEREVAN, December 1. /ARKA/. Nur Bakbergenov, a Board member, BTA
    Bank CJSC, has been registered as BTA Bank Chief Executive Officer
    and Board Chairman.

    The revision took effect on November 21, 2008, under a resolution of
    the Central Bank of Armenia (CBA).

    The Public Relations Department, BTA Bank, reports that Nur Murat
    Bakbergenov is a citizen of Kazakhstan and has 10-year experience
    of managerial work in the banking system He is advisor to the Board
    Chairman, BTA Bank (Kazakhstan).

    His priority task is to "found a full-service bank of the BTA Group in
    Armenia". For Armenian clients it is an opportunity "to feel at ease"
    anywhere in the CIS the BTA Bank carries out its activities.

    The BTA Bank CJSC is a strategic partner of the largest Kazakh bank,
    BTA Bank Corporation, which owns 48.8% of the authorized capital of
    the BTA Bank (Armenia). As of November 25, 2008, the total capital of
    the BTA Bank CJSC reached 4,346,434,000 AMD, assets 13,042,112,000 AMD,
    liabilities 8,695,678,000 AMD.

    The BTA Bank Corporation is a system-forming bank of Kazakhstan and
    leader in forming a banking network in the Commonwealth of Independent
    States (CIS).

    It has partner banks in Russia, Ukraine, Belarus, Georgia, Armenia,
    Kyrgyzstan and Turkey, as well as representative offices in Russia,
    Ukraine, China and United Arab Emirates. The BTA Bank Corporation
    was recognized a20Bank of the Year in the CIS in 2006 and 2007.

    At the end of the first half of 2008, the consolidated assets of the
    BTA Bank Corporation amounted to $27.8bln, and capital $3.9bln.
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