November 02, 2020, Almaty – Jusan Bank and shareholder of ATFBank G. Yessenov have reached a preliminary agreement on purchase of 99.76% of ATFBank shares by Jusan Bank.
As part of the signed agreement, the parties intend to enter into the agreement on purchase of shares of ATFBank in November 2020. After signing of the share purchase agreement and its approval by the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Markets, ATFBank’s current shareholder will purchase shares of Jusan Bank as part of the latter’s additional share issuance.
It is presumed that both banks will operate in the united manner using a common strategy after the share purchase agreement is signed.
In the course of the transformation, all ATFBank’s services will run in a standard mode, ensuring full access of its customers to current services.
Jusan Bank is a subsidiary of the investment company First Heartland Securities. Apart from a wide range of conventional banking services, Jusan Bank is working to develop its own ecosystem combining products and services of Jusan financial group companies: brokerage services offered by Jusan Invest and insurance services provided by Jusan Garant.
ATFBank is one of the largest banks in Kazakhstan. Over the course of its 25-year history, ATFBank has been developing its universal profile, offering a full range of banking services to private banking and corporate customers all over Kazakhstan.