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Kazkommertsbank

Kazkommertsbank

Kazkommertsbank was the largest private bank in Kazakhstan with a total market share of 24%. Kazkommertsbank merged with Halyk Bank on 27 July 2018.

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.

Timeline

October 1, 2018
Banks on October 1, 2018 there are 28 (13 of them are with foreign capital, the share of which is only 17.1%)
2018
The number of deposits of individuals has reached the historic peak - 8.3 trillion tenges, 47% of the total volume of deposits.

Patents

Further Resources

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References

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