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JYSAN HOLDINGS FILES FEDERAL LAWSUIT AGAINST KAZAKH GOVERNMENT IN NEVADA TO HALT CAMPAIGN TO EXPROPRIATE EDUCATION FUNDS

JYSAN HOLDINGS FILES FEDERAL LAWSUIT AGAINST KAZAKH GOVERNMENT IN NEVADA TO HALT CAMPAIGN TO EXPROPRIATE EDUCATION FUNDS
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Euromoney Jusan Bank: A Kazakh success story

Rating agency Moody’s Investors Service recently assigned a B1 credit rating to Jusan Bank, one of Kazakhstan’s leading banks. The award is in recognition of the successful work and strategy of the bank s new management team. In an interview, Aibek Kayip, Jusan’s chairman of the management board, explains what has been achieved by the bank, and highlights some of the new challenges it is facing.

Kazakhstan s Jýsan Bank To Acquire Rival ATF Bank

Share: ALMATY, Kazakhstan, Dec. 12, 2020 (GLOBE NEWSWIRE) Kazakhstan s Jýsan Bank has agreed terms to take over ATF Bank as part of a divestment of family assets by ATF s owner Galimzhan Yessenov. The two banks confirmed their deal in a statement to the Kazakh Stock Exchange and are now awaiting approval from Kazakhstan s Regulation and Development of Financial Markets Agency. The deal is anticipated to conclude early in 2021 following formal approval from ATF shareholders at an extraordinary general meeting on December 20th. Yessenov s holding vehicle KNG Finance will transfer its full 99.76% stake in ATF Bank to Jýsan Bank and will, in return, receive shares in the enlarged bank. The size of this holding is to be confirmed.

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