Eurasian Bank

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Eurasian Bank JSC
Native name
  • Kazakh: «Еуразиялық банк» АҚ
    «Eýrazııalyq bank» AQ
  • Russian: АО «Евразийский банк»
Company type JSC – Joint Stock Company
KASE:  EUBN
Industry Financial services
Founded1994 [1]
Headquarters Almaty, Kazakhstan
Area served
Kazakhstan, Russia
Key people
Lyazzat Satiyeva(CEO)
Products Asset management, consumer banking, corporate banking, credit cards, mortgage loans, private banking, wealth management
Revenue
  • Increase2.svg KZT 52.5 billion (2013)
  •  KZT 38.4 billion (2012) [2]
  • Increase2.svg KZT 17.3 billion (2013)
  •  KZT 13.1 billion (2012) [2]
  • Increase2.svg KZT 13.1 billion (2013)
  •  KZT 9.8 billion (2012) [2]
Total assets
  • Increase2.svg KZT 588.6 billion (2013)
  •  KZT 470.5 billion (2012) [2]
Total equity
  • Increase2.svg KZT 58.8 billion (2013)
  •  KZT 47.8 billion (2012) [2]
Number of employees
> 5,500 (2013) [3]
Website https://eubank.kz/

Eurasian Bank JSC is the ninth-largest lender [4] in Kazakhstan, headquartered in Almaty. [5] It was founded in 1994 as a closed joint-stock company, and reregistered in 2003 as a joint stock company due to joint stock company law changes. [6] The Bank is owned 100% by Eurasian Financial Company JSCwhich is 100% owned by three equal shareholders: Alexander Mashkevich, Alijan Ibragimov, Patokh Shodiyev (aka Patokh Chodiev) [7]

Contents

Management

On September 13, 2022, Lyazzat Satiyeva was elected as the chairman of Management Board of Eurasian Bank JSC (Kazakhstan). [8]

Ratings

On April 30, 2020, the international rating agency Moody's Investors Service (Moody's) retained the rating of Eurasian Bank at B2 and the basic credit rating of b3, the outlook for the bank's long-term operations in national and foreign currencies was lowered to "negative" following the worsening of general forecasts for the banking sector and economy of Kazakhstan. [9]

On October 17, 2019, the management of Eurasian Bank JSC decided to continue cooperation only with the rating agency Moody’s Investors Service. [10]

Eurasian Bank has a B+ Long-term Counterparty Credit Rating with Positive outlook and a kzBBB+ local scale rating from Standard & Poor's , [11] it has had these ratings since the December 2011 upgrade.

The bank also has a B1 Long-term foreign currency deposit rating with Negative outlook from Moody's Investors Service , [12] it has had this rating since 2003, and the negative outlook has been in place since 2009.

Criticism

On January 16, 2015, Tatyana Burnakina, Executive Director of the Department of Bank Cards and Payment Services, allowed herself to criticize the professional activities of her bank employees, giving an interview to the Krasnoyarsk edition Newslab.ru. Among other things, Burnakina stated about the facts of fraud and theft in the bank. [13] On January 19, 2015, the press service of the bank disseminated information in the media about the termination of the employment contract with Tatyana Burnakina for gross violations of the code of ethics and business conduct [14]

History

History section based on press releases and chronology found on company website. [15]

1990s

2000s

2010s

2020s

References

  1. 2012 Consolidated Financial statements. Note 1 a) Background – Organisation and Operations. [ permanent dead link ]
  2. 1 2 3 4 5 "Consolidated Financial Statements 2013" (PDF). Archived from the original (PDF) on 4 March 2016. Retrieved 4 June 2014.
  3. "2013 year end investor presentation, page 7" (PDF). Archived from the original (PDF) on 5 March 2016. Retrieved 4 June 2014.
  4. National Bank bank sector statistics Retrieved on 4 June 2014. Second tier banks monthly summary balance sheet statistics
  5. Eurasian Bank Head Office location. Retrieved on 3 June 2012. Registered Office : 56 Kunayev Street, 050002 Almaty (Kazakhstan)
  6. 2012 Consolidated Financial statements. Retrieved on 3 June 2012. Note 1 a) Background – Organisation and Operations. [ permanent dead link ]
  7. 2012 Consolidated Financial statements. Retrieved on 3 June 2012. Note 36 a) Related Party transactions – Control Relationships. [ permanent dead link ]
  8. Eurasian Bank Has a New Chairman of Management Board
  9. "Moody's поменяло прогнозы по рейтингам двух казахстанских банков". kz.kursiv.media (in Russian). Retrieved 4 May 2020.
  10. "Евразийский банк отказался от услуг рейтингового агентства S&P". kz.kursiv.media (in Russian). Retrieved 17 October 2019.
  11. S&P rating page for Eurasian Bank, retrieved 4 June 2014 (requires site registration). Eurasian Bank has had a B+ rating with Stable outlook since December 2011
  12. [/credit-ratings/Eurasian-Bank-credit-rating-600066033 Moody's Rating page for Eurasian Bank, retrieved (requires site registration) 4 June 2014. Eurasian Bank has had B1 rating since 2003, with a negative outlook since 2009.]
  13. "Жизнь красноярцев за "бугром"". newslab.ru (in Russian). Retrieved 16 January 2015.
  14. "Татьяна Бурнакина: Мой контракт с "Евразийским" расторгнут в понедельник". forbes.kz (in Russian). Retrieved 19 January 2015.
  15. Eurasian Bank English language website, news releases
  16. "Сменился глава Евразийского банка". kapital.kz (in Russian). Retrieved 6 December 2016.
  17. "АО "Евразийский банк" сообщило о продаже 100 % акций дочернего банка в Российской Федерации". kase.kz (in Russian). Retrieved 20 December 2020.