History

 2009

April:

National Holding (PC) KazAgro "in the agricultural credit program subjects accepted bids amounting to 84.7 billion tenge. Today Chairman of the JSC "TH" KazAgro "Asylzhan Mamytbekov in the meeting of the State Commission to modernize the economy, under the chairmanship of Prime Minister of Kazakhstan Karim Masimov, informed with reference to press service, Prime Minister of Kazakhstan.

According to the head "KazAgro, to date, JSC" TH "KazAgro" accepted bids amounting to 84.7 billion tenge. Of these approved projects to 54.7 billion tenge. The actual amount funded under the program of projects was more than 19.4 billion tenge.

In addition, according to the press service, the Commission was a proposed the redistribution of limits on the adoption of warranty of the banks to credit entities APC.

"The Commission has also consider a proposal to introduce JSC “Kazinvestbank” in the number of banks - participants of the current agricultural lending entities, given the availability of its customer base, focusing on agribusiness and the conformity of the bank's requirements FMSA "- said the press service.

According to the press service, the members of the State Commission on modernizing the economy of Kazakhstan approved the course of implementation of measures for the agricultural credit and the suggestions made.

2008

January:

JSC “KazInvestBank” has completed the stage of forming Retail Management team and gears up toward starting Retail Product’s sales and promotion.

March:

Retail Business software was launched.
Priority Banking for VIP customers was launched.
Debit cards payroll product was launched as a stand alone Retail business proposition.

April:

Personal Loan program along with Re-finance feature was introduced. First loan was booked in April.

June:

Phone banking with IVR system was launched.
Mortgages/Secured loan for customers was introduced.

September:

JSC “KazInvestBank” opens a new branch in Almaty city located at the following address: 154 A, Nauryzbay Batyra street. 

2007

September

KazInvestBank decides to start Retail banking in Kazakhstan and start building a Retail Team.

August

EBRD doubles credit line to US$ 60 million.

July

EBRD increase trade facility to US$ 30 million. This enhancement will be used to expand trade facilities for KIB customer.

June

EBRD (European Bank for Reconstruction and Development) and CVCI (City Venture Capital International) jointly acquire 40% equity in KazInvestBank Bank.

February

EBRD approved US$ 10 million line under trade facilitation program. It will contribute to the development of trade finance products and strengthen the position of IRB in the international market.

2006

December

Dec. 4, 2006 - Standard & Poor's Ratings Services said today that it assigned its 'B/B' long- and short-term counterparty credit ratings to Kazakhstan-based KazInvestBank (KIB). At the same time, it assigned its 'kzBB+' Kazakhstan national scale rating to the bank. The outlook is stable.

September

The first  KIB Quality Awards have been presented to the bank employees for their contribution to quality improvement of service and bank processes.

Shymkent Branch Opened.

June

The completion of the consolidation project of KIB’s operational system in branches which allows to present same services to customers in all branches and subsidiaries.

February

KIB acted as an arranger and a subscription agent for the first issue of international securities on the local market (JP Morgan Chase Bank placed 10-year bonds on the Kazakhstani market in the amount of KZT 13,2 billion)

2005

December

KIB subordinated bonds passed listing procedure on KASE under "A" category

September

KazInvestBank obtained a new updated banking license for complete range of banking services, including issuance of cards and issuance/confirmation of letters of credit.

July-august

Oleg Kononenko having 14-year experience joined KazInvestBank as a member of the Board of Directors. His Temirbank team helped to expand business operations in branches and retail business development, SME financing.

February

KazInvestBank common shares passed “A” listing requirement on KASE.

2004

December

Adnan Ally Agha who has 16-year experience in Citigroup has been appointed Chief Executive Officer. New management consisting of young and ambitious professionals joined KIB to contribute their valuable experience from Citigroup, ABN AMRO Bank, AIG, and ING.

June

KIB jointly with Credit Suisse First Boston International arranged USD 105 million pre-export facilities for JSC Food Contract Corporation. This is the largest deal in the agriculture financing sphere in Kazakhstan.

April

KazInvestBank obtained a new updated banking license for main banking services and opens its first operating office in Almaty.

March

The Bank joins the Kazakhstan Individual Deposit Guarantee (insurance) System

2003

KIB is acquired by new shareholders. New strategy is set to develop a universal commercial bank rendering a full range of services to corporate clients throughout Kazakhstan.

1998

KIB acted as advisor to help complete a merger of two major geophysical companies, International Energy Services Inc. (USA) and Azimuth (Kazakhstan) with a combined asset value of USD 40 million.

1995-2003

The bank provides primarily investment banking services, attracting investments to Kazakhstan, and assisting in privatization of state shareholdings in Kazakh companies.

1995

A share of Chase Manhattan Bank is acquired by the Government of Kazakhstan due to changes in banking regulations. The Bank becomes private following privatization process. 

1993

Foundation of Kazakhstan International bank with 50% interest of the Government of the Republic of Kazakhstan and 50% interest of Chase Manhattan Bank, NY. KazInterBank becomes the first investment bank in both the Republic of Kazakhstan and Central Asia.