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About

Eurasian Bank is a Kazakhstan commercial socially important financial institution with a 24-year history of development. The Bank 

  • takes a leading position in the retail banking market and provides a wide range of services to corporate and SME clients
  • is amongst Kazakhstan largest top ten commercial banks

 

In October, 2017 Eurasian Bank became the first participant to the Bank Sector Financial Stability Enhancement Program of the NBRK, which results in

  • donated capital from the National Bank of the Republic of Kazakhstan in the amount of KZT 150 bln
  • increase of authorized capital in the amount of KZT 75 bln by 1 January 2022, with KZT 23.2 bln already placed by shareholders into the Bank capital

 

This decision is a clear argument demonstrating the high reliability, stability and system-forming role of the Eurasian Bank for the financial sector of Kazakhstan and the fact that the Bank enjoys the support of shareholders.

 

Ratings

On 21 December 2017, S & P Global Ratings international credit-rating agency confirmed Eurasian Bank’s current long-term and short-term “B” rating outlook and the “kzBB” national rating. The rating stability takes into account the diversified funding base, significant liquidity reserve of the Bank and stable business position in the banking market of Kazakhstan.

 

Shareholders

Shareholders of Eurasian Bank JSC Aleksandr Mashkevitch, Alidzhan Ibragimov and Patokh Shodiev, owners of ERG

Eurasian Resources Group S.a.r.l. (“ERG”) is a leading diversified company in extraction and development of natural resources area. In 2014, the Company celebrated its 20th

anniversary.

To date, Eurasian Resources Group is the largest ferrochromium producer and one of the main producers of iron ore and alumina in the world.

 

Strategy of the Bank

On 4 September 2017, the Board of Directors of Eurasian Bank adopted the development strategy of the financial institution until 2022, with a focus on retail business development, aimed at creating:

  • The most convenient bank for clients
  • The best employer
  • A profitable bank for investors and shareholders

 

Eurasian Bank Developments in 2017

  • Bank share in auto loans is over 50%
  • Consumer loans growth reached historical maximum in all the times of the Bank operations
  • The program of lending car luxury brands (BMW, Mercedes and Cadillac) launched for the first time
  • Number of clients – 2.6 mln. Kazakhstanis
  • Bank commenced the sale of measured bars of affined gold to the population as part of the Program launched by the National Bank of the Republic of Kazakhstan