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Creditors of Alliance Bank, BTA Bank to be proposed external borrowings restructuring

ASTANA. May 12. KAZINFORM /Aigul Tulekbayeva/ Foreign creditors of Alliance Bank and BTA Bank will be proposed restructuring of these banks’ external borrowings, Head of Samruk-Kazyna National Welfare Fund Kairat Kelimbetov has announced it at the Government’s session; Kazinform reports. “In the middle of May consultants of BTA Bank (Goldman Sachs è UBS) will represent a financial model of the bank for assessment of its sustainability, it is expected to complete the audit of 2008 financial statements of the bank. Similar work is carried out in the Alliance Bank”, Kairat Kelimbetov said. According to him, following the results of the work a proposal on the banks obligations restructuring will be made to creditors of Alliance Bank and BTA Bank.


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