Press Release, Almaty, 21 February 2019

Eurasian Bank JSC (hereinafter – the Bank) paid a guarantee compensation to the Bank of Astana customers in the amount of about KZT 35.2 billion, which is 93.7% of the total amount of liabilities to the Bank of Astana depositors in KZT 37.5 billion. The average time for servicing one depositor was from 5 to 15 minutes. Payments began on 26 January 2019, during which time Eurasian Bank served 41,866 Bank of Astana customers. In addition, 3,211 customers chose the option to order a payment card – these customers were credited with about 2.1 billion tenge.

Due to a significant decrease in the flow of Bank of Astana customers, Eurasian Bank closed 9 special payment centers to Bank of Astana depositors in major cities of Kazakhstan. Payment of compensation will last until 26 July 2019 in all Eurasian Bank outlets servicing individuals, according to the working hours of the outlets.

At eubank.kz Eurasian Bank website you can see online the number of customers waiting in line at outlets. Also at the website, you can check the guarantee compensation amount to be paid.

Compensation is paid from the funds of the Kazakhstan Deposit Insurance Fund – by deposits, current accounts and payment cards of the Bank of Astana customers, taking into account the interest accrued. After 26 July, depositors who have not contacted the agent bank outlets may apply for the compensation payment directly to the Kazakhstan Deposit Insurance Fund and receive compensation by non-cash transfer.

About the Bank

Eurasian Bank is a socially important commercial bank of Kazakhstan with a 24-year history of development. The financial institution occupies a leading position in the retail banking business and provides a wide range of services to corporate and SME clients. Eurasian Bank is amongst top ten Kazakhstan second-tier banks by amounts of assets and equity, the largest player in the retail lending market.

Eurasian Bank PR Service:                  

+7 (727) 259-95-99, Ext. 3453

press@eubank.kz                                                         

eubank.kz