Just a few years after purchasing a Kazakh bank from VTB, Troika Dialog has sold the subsidiary to Kazakhstan’s Eurasian Bank. Eurasian Bank hopes the acquisition of Almaty-based Bank Troika Dialog OJSC will solidify its presence in the area. It will use the new resources as a launching pad to increase the list of products and services it offers throughout Russia.
Troika Dialog Kazakh Bank
Troika Dialog established its banking presence in Kazakhstan with the purchase of a VTB banking unit in Almaty in 2007. Troika Dialog Kazakh Bank is part of the Troika family offering investment banking and asset management services in more than twenty and CIS Russian cities. The Almaty subsidiary focuses on corporate banking, but has expanded into retail services such as credit cards, deposits, and various types of lending.
Eurasisan Bank (www.euroasian-bank.kz)
Principally owned by Kazakh mining company Eurasian Natural Resources Corp., Eurasian Bank was established in 1994 to provide commercial banking services for Kazakh corporations and SMEs. It is one of the top seven commercial banks in the country in terms of total assets. Eurasian Bank has expanded into retail services with 18 branches and 52 service centers.
31/08/2010
Central & Eastern Europe, Financial Services, Investment, Kazakhstan, Private Equity News