OREANDA-NEWS. Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia ("the Bank"), and private entrepreneur Mr. Kenes Rakishev announce the completion of the buyback of common shares of BTA Bank ("BTA"), which was announced on 29 July 2014 in accordance with Kazakh legislation.

As a result of the buyback, 11,783,301,082 common shares were purchased from minority shareholders of BTA at the price of 0.24162 tenge per common share. Of this, 11,777,418,751 common shares have been purchased by the Bank and 5,882,331 common shares have been purchased by Mr. Rakishev.

In accordance with earlier agreements, the common shares of BTA that have been purchased from the minority shareholders will be equally split between the Bank and Mr. Rakishev at the same price (0.24162 tenge per common share).