Russian Branch of Kazakhstan BTA Bank Dismissed 25% of Stuff
OREANDA-NEWS. On 20 March 2009 was announced, that in February-March Russian branch of Kazakhstan “BTA Bank” dismissed 25% of stuff.
- There were mass job cuts in the bank. During February-march they dismissed 25% of the stuff, - said the source mentioning that the reason for stuff optimization were the difficulties of parent structure.
According to the interlocutor of the agency, the job cuts touched practically all subdivisions of credit organization. They even dismissed the heads of many departments, - informed the source.
“BTA Bank” press-service gave no comments.
Russian “BTS Bank” according to the results of 2008 ranked 45 regarding amount of assets in “Interfax-100” ranking made by “Interfax-CEA”.
Kazakhstan banks felt negative influence of world financial-economical crisis. Primarily, this is connected with the fact that the share of foreign funding in the structure of their liabilities is more than in RF banks. Finally, the government decided to nationalize “BTA Bank”.
At the beginning of the year the state fund “Samryk-Kazyna” that owns 75.1% of shares of Kazakhstan “BTA Bank” started talks with Sberbank of RF concerning sale of credit organization.
According to the deputy of the board chairman of Sberbank Ilkka Salonen, Russian bank is holding talks concerning take-over of 100% shares of Kazakhstan BTA Bank.
According to Ilkka Salonen, at the moment Sberbank I faraway from signing the agreement. And if the talks are going on during more than 2-3 months and failing to come to some result, the deal will probably be not realized.
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