OREANDA-NEWS. March 28, 2011. Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, has announced today the repayment of its Eurobond issued in March 2006 for original amount of EUR 300 million, reported the press-centre of KASE.

The Eurobond was repaid in full on the date of its maturity from the Bank's own funds.

About Kazkommertsbank

Kazkommertsbank (KKB) is one of the largest banks in Kazakhstan and Central Asia with total assets of KZT 2,698.4 billion (USD 18.3 billion equivalent) at 30 September 2010.

In addition to its core banking business (retail and corporate) KKB has subsidiaries active in pension fund management, asset management, insurance and brokerage. KKB also has foreign subsidiaries in the Russian Federation, Kyrgyzstan and Tajikistan.

Major shareholders of Kazkommertsbank include the Central Asian Investment Company and Chairman of the Board Mr. Nurzhan Subkhanberdin, Alnair Capital Holding, the Kazakh Government through the Samruk-Kazyna National Wealth Fund and the European Bank for Reconstruction and Development.

KKB completed an IPO in GDR form on the London Stock Exchange in November 2006, the first CIS bank to do so, in a deal totaling USD 845 million. The Bank's shares are listed on the Kazakhstan Stock Exchange.