ATFBank Sings Agreement with National City Bank
OREANDA-NEWS. On February 14, 2008 press-service of ATFBank JSC (Almaty), being the listing company of Kazakhstan stock exchange (KASE), had spread the press-release in which the following is informed, reported the press-centre of KASE:
ATFBank JSC had signed an agreement with National City Bank about borrowing of loan in size of 30 m. US dollars under partial guarantee of state agency of US government, Overseas Private Investment Corporation. Funds form, deal will be directed for development of small and middle business of Bank. Loan is provided to Bank for 7 years' term with 2 years' bonus period for payment of main debt.
ATFBank JSC has the international ratings from agencies: Moody's - "Aaa2", Standard and Poor's- "AA+" and Fitch Ratings - "BBB+".
Information note:
Joint stock company ATFBank, being founded in year 1995 is one of the leaders of banking system of Kazakhstan. ATFBank JSC is the universal financial institution, suggesting to its clients the wide range of financial products, including leasing services, pension security, provided by companies-partners: ATF-Leasing and OAPF Otan.
In June 2007 had taken place the signing of agreement about purchasing of majority shareholding of ATFBank in Republic of Kazakhstan by Bank Austria - Creditanstalt AG, the subdivision of UniCredit Group for commercial banking operations in Central and Eastern Europe. Del for purchasing of control shareholding of ATFBank by Bank Austria - Creditanstalt AG was finished in November 2007.
UniCredit Group - is one of the largest international financial institutions. Group is represented in 23 countries of the world, amount of departments - more than 9000, clients' base makes more than 40 m. people, total assets as of October 1, 2007 make 1,018 bn. euro.
The core of UniCredit Group are three main banks: HypoVereinsbank in Bavaria, Bank Austria - Creditanstalt AG in Austria and UniCredit in Italy.
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