BTA Bank Kenes Rakishev has received a certificate of reliability of deposits

БТА-Банк Кенеса Ракишева получил сертификат об отличной надежности вкладов

The national rating Agency IBI Rating has affirmed the highest rating of reliability of JSC BTA Bank (Ukraine).

The national rating Agency IBI Rating was awarded BTA Bank (Ukraine) a certificate of reliability of Bank deposits. This award is granted to financial institutions that have a high level of capital and liquidity and are able to minimise any risks in their activities.

An additional indicator of the reliability of BTA Bank is the successful activities of its main shareholder – Kazakh businessman Kenges Rakishev, which significantly diversified its sources of income. For example, BTA Bank as the investment considering to buy Moscow business-center “Kosinskaya Plaza” with total area of 111,7 sq. m. the Cost of the transaction is estimated at $60-80 million.

Also Kenes Rakishev have completed the sale of its stake in Kazkommertsbank. To buy 86,09% stake in Kazkommertsbank, the largest financial institution with extensive branch network, a considerable volume of client operations and presence in several foreign countries – from Kenges Rakishev decided Halyk Bank of Kazakhstan.

While the structure of BTA Bank, succeeded in concluding an agreement on the return of 3.76% stake in a major oil and gas company Nostrum Oil & Gas PLC, which is engaged in exploration, development of deposits, extraction of oil and gas in the Caspian basin. Nostrum Oil & Gas holds a 100% stake in oil and gas fields, Rostoshinskoye, darinskoye and Yuzhno-gremyachenskoye. Located in pre-Caspian basin to the North-West of Uralsk, these exploration and field wells are approximately 60 and 120 kilometres from the Chinarevskoye field.

In addition, Kenes Rakishev also managed to bring several major assets in Moscow, were also restored control of warehouse complexes in the Leningrad, Novosibirsk and Sverdlovsk regions of the Russian Federation.

As previously reported the well-known law firm “Ilyashev and Partners” just Kenes Rakishev has managed to return more than 1 billion dollars stolen from BTA Bank of Kazakhstan by the former management, headed sentenced to 20 years in prison Mukhtar Ablyazov.