Milestones

January 2016 Eurasian Bank finalized its financial result for 2015. As of 2015 year-end, the Bank assets amounted to KZT 1.04 trillion, the capital to KZT 77.7 bln, according to the NBRK Financial Reporting Standards.

As assessed by Standard & Poor’s credit-rating agency, Eurasian Bank has “B” long-term rating with a ‘stable’ outlook.

January 2016 Eurasian Bank obtained the second tranche in the amount of KZT 3 bln within the framework of the domestic auto industry support state program that had started in April 2015. The funds were allocated for loans to individual buyers of vehicles manufactured in Kazakhstan by Asia Auto LLP and SaryarkaAvtoProm LLP under the preferential terms. Kazakhstanis can apply for purchase of a car on credit at a 4% nominal rate - and this is the lowest cost of car loans in Kazakhstan.  

April 2016 Eurasian Bank is the best. EMEA Finance international economic edition recognized Eurasian Bank as the best bank in Kazakhstan as of year-end 2015. For three years in a row Eurasian Bank has been winning this award.

June 2016 Eurasian Bank took part in lending the Affordable Housing-2020 Program. To finance the project, banks formed a syndicate. Eurasian Bank allocated funds in the amount of KZT 7.2 bln for construction and installation works.

October 2016 Eurasian Bank, in accordance with the resolution of the Board of Directors, increased its equity by KZT 15 bln. Thus, the authorized capital of the Bank grew by 42%, and the regulatory capital exceeded KZT 100 bln. 

December 2016 The Board of Directors of Eurasian Bank resolved to appoint Pavel Loginov as the Chairman of the Management Board of the Bank, effective as of 5 December 2016.  The main tasks set by the shareholders for the new leader: increase of the Bank effectiveness via modernization of its operating processes, introduction of modern customer service technologies, and improvement of its risk evaluation system.