26.02.2016, Almaty. Yesterday, on 25 February 2016, international rating agency Moody’s Investors Service reported the withdrawal of Eurasian Bank’s ratings, including foreign-currency deposit ratings, Not-Prime foreign currency deposit rating, local currency senior, unsecured debt rating, local currency subordinated debt rating and baseline credit assessment.

Subsequently, Standard & Poor’s is the only rating agency of Eurasian Bank. According to S&P Eurasian Bank has a ‘B’ long-term credit rating with a ‘Stable’ outlook.

‘In the time of crisis in Kazakhstan shareholders supported the Bank having injected KZT6 bln of new capital during the 4^th quarter of 2015.  Moreover, Eurasian Bank improved its business platform with the purchase of BankPositiv at the end of last year.  This year given our expectations of a a difficult operating environment we intend to solidify Eurasian Bank’s position on the market and develop in a focused and opportunistic manner’, – said Michael Eggleton, CEO and Chairman of Eurasian bank.

As of the end of 2015 Eurasian Bank’s total assets were KZT1.04 trillion, total equity was KZT77.7 billion under Kazakhstan National Bank financial reporting standards.

About Eurasian Bank:

Eurasian Bank is a universal commercial Kazakhstan bank catering products and services to clients in all segments. The Bank was founded in 1994.  It covers all regions of Kazakhstan and has a subsidiary in Russia (Moscow) with branches in Omsk, Novosibirsk and Chelyabinsk. Eurasian Bank is a member of KASE and a party to KazPrime.

The Bank’s accomplishments were acknowledged by the following awards: Best Bank – Kazakhstan in 2014 (IAIR), Best Bank – Kazakhstan in 2013 and 2014 (EMEA Finance), Domestic Retail Bank of the Year, Kazakhstan in 2012,  2013 and 2015 (Asian Banking & Finance), Best Bank in Kazakhstan, 2012 (Euromoney), and Bank of the Year 2012 and 2014 in Kazakhstan (The Banker).

Press Office

Eurasian Bank JSC

tel. +7 (727) 2 599 599 (ext. 3288)

press@eubank.kz