Kazkommertsbank

Kazkommertsbank (Kazakh: Қазкоммерцбанк, Qazkommertsbank) was the largest private bank in Kazakhstan with a total market share of 24%. Kazkommertsbank merged with Halyk Bank on 27 July 2018.[1]

Kazkommertsbank
TypeJoint stock company
IndustryFinance and Insurance
Founded1990
HeadquartersAlmaty, Kazakhstan
Key people
Nina Zhusupova, Chairman
Nurzhan Subkhanberdin
ProductsBanking
Revenue19,023 million KZT (2009)

AboutEdit

Kazkommertsbank is a large provider of banking services and other financial products to large and medium-sized corporations in all sectors of Kazakh economy.

Its commercial banking business primarily consists of corporate banking, trade and project finance, personal banking, debit and credit card services and foreign currency trading.

Its principal activities are the acceptance of deposits and the provision of loans and credit facilities in Tenge and foreign currencies. The Bank is also a major participant in the securities market and the foreign currency market in Kazakhstan.

The bank introduced "mini-mobile POS terminals" in 2013 for customers to be able to use a smart phone or tablet computer to accept credit card payments. According to CISTRAN Finance, the increase in card payments in 2012 led to a 0.6 percent growth in Kazakhstan's GDP.[2]

See alsoEdit

Banks of Kazakhstan

ReferencesEdit

  1. ^ "Merger of Kazkommertsbank, Halyk Bank complete". The Astana Times. Retrieved 30 December 2019.
  2. ^ Waits, Douglas (December 31, 2013). "Mini-mobile POS terminals for card payments introduced by Kazkommertsbank". CISTRAN Finance. Chicago, Ill. Retrieved January 3, 2014.