OREANDA-NEWS. December 21, 2010. Kazkommertsbank (“KKB” or the “Bank”), one of the largest banks in Kazakhstan and Central Asia, announces today that it has sold its stake in LLP Investment Group East Kommerts (the Company), reported the press-centre of Kazkommertsbank.

Kazkommertsbank has signed an agreement to sell its 50% stake in the Company to the second shareholder of the Company – EASTKOMMERTS PARTNERS LIMITED – registered in Cyprus.

The Bank intends to maintain its focus on its key markets. As a result of this transaction, the Bank’s subsidiaries include banking subsidiaries in Russia, Kyrgyzstan and Tajikistan as well as local subsidiaries in pension fund management, asset management, brokerage and insurance.