OREANDA-NEWS. December 28, 2009. The rating cut is based on the ongoing significant impact of non-financial risks, which have triggered an increase in risks to liquidity against the background of a high short-term debt burden and a decline in ready opportunities to refinance the Bank’s obligations.

About the Bank:

BTA Bank is a larger private-sector bank in which Kazakhstan’s BTA Bank – a system-critical financial institution active in all segments of its home market and the core of the BTA group – holds a 22.26% stake; the Russian bank’s ownership structure is otherwise unclear. Growth has been dynamic and the Bank has established a healthy presence in corporate services, its core line of business; a leader in trade financing, it has a broad range of international ties. BTA stands out for its advanced technology and high-quality services and its distribution network is moderately well developed.