reference Information
Registration number: 121
Date of registration by the Bank of Russia: 28.02.1992
BIC: 044525514
Main state registration number: 1027739198387 (16.09.2002)
Authorized capital: RUB 6,695,904,540.00
License (date of issue/last replacement) Banks with a basic license are banks that have a license with the word “basic” in the name. All other operating banks are banks with a universal license:
License to attract deposits and placement of precious metals (12/17/2014)
General license for banking operations (12/17/2014)
Participation in the deposit insurance system: Yes
CentroCredit Bank was founded in 1989. Currently, the organization is owned by several persons, including A.I. Tarasov, I.Yu. Korbashov and others. CentroCredit is a regional bank. The client base of this credit organization consists of individuals, individual entrepreneurs, as well as legal entities.
CentroCredit currently provides various services to its own clients. Among those:
The presented credit institution is located in Moscow, CentroCredit is not represented in other cities. Customer service is also carried out through (there are 8 such devices in Moscow) or through electronic devices belonging to partners of a credit institution.
The bank was established at the end of 2007 in Moscow under the name Bank BCC-Moscow LLC as a subsidiary of the Kazakh JSC Bank CenterCredit. The Russian bank received a license to carry out banking operations in March 2008, and to attract deposits of funds from individuals - in September 2010 (became a member of the system of compulsory insurance of deposits of individuals). In June 2018, the official name of the bank was changed to RAM Bank LLC.
Until recently, 100% of the shares of the credit institution belonged to the Kazakhstani bank Bank CenterCredit JSC. The largest beneficiaries of the latter are the Korean KB Kookmin Bank (29.98%), the International Finance Corporation (IFC) (12.59%), the Chairman of the Board of Directors Bakhytbek Baiseitov (31.91%), among the minority shareholders - the State Property and Privatization Committee of the Ministry Finance of the Republic of Kazakhstan. In February 2016, Bank CenterCredit JSC sold 100% of its stake in Bank BCC-Moscow LLC to private Russian investors.
At the moment, RAM Bank's members are 11 individuals with shares of 9.09% each: Andrey Green, Roza Fedorova, Ruslan Eseneev, Natalia Bogosta, Irina Vereshchaga, Alexei Filippenko, Irina Sivokon, Ekaterina Poddueva, Lyudmila Vladimirova, Natalia Sitdikova and Asylbek Tleubaev ,
The Bank operates through a single office located in Moscow. The credit institution has one of its own ATMs (at the central office), as well as a partner network of Russian Standard JSC. The headcount as of January 1, 2018 is 68 people (75 a year earlier).
Among the services for corporate clients and individual entrepreneurs are cash settlement services, lending, letters of credit and bank guarantees, factoring, deposit and bill programs, remote services, payroll projects, foreign trade support, etc.
Individuals are offered cash settlement services, consumer loans secured by real estate, currency exchange, money transfers (CyberPlat, Western Union), bank cards (Visa), etc.
The net assets of the credit institution increased by 1.2% (or RUB 35.4 million) since the beginning of the year, amounting to RUB 3 billion as of November 1, 2018.
The growth of the balance sheet currency is primarily due to the inflow of funds attracted in the interbank market, which led to an increase in the bank's resource base. In the active part of the balance sheet, newly attracted funds were mainly used to increase the volume of the total loan portfolio and securities portfolio.
The structure of the credit institution's liabilities is poorly diversified by sources of attraction and is highly dependent on the funds of legal entities, whose share as of the reporting date amounted to 61.5% of the total net liabilities of the credit institution. During the period under review, the structure of liabilities underwent the following changes:
The share of funds raised from individuals in liabilities decreased from 11.4% to 11.1%, while their nominal volume decreased by 5.7 million rubles;
The share of attracted funds of legal entities in liabilities decreased from 65.7% to 61.5%, while their nominal amount decreased by 98.7 million rubles;
The share of funds raised from banks in liabilities increased from 0% to 2.4%, while their nominal volume increased by 92.9 million rubles;
As of the reporting date, the credit institution does not have its own issued securities on its balance sheet.
As of November 1, 2018, the credit institution's own funds amounted to 2.1 billion rubles, since the beginning of the year this indicator has increased by 1.4% (or 28.7 million rubles). Shares of equity and borrowed funds as of the reporting date are 69.5% and 30.5%, respectively. The own funds adequacy ratio (H1.0) is met with a significant margin as of the reporting date, amounting to 57.76% (with a minimum of 8%).
The main volume of the credit organization's assets falls on the loan portfolio item, which forms 84.8% of net assets as of the reporting date. The shares of interest-bearing assets and other assets as of November 1, 2018 are 86.4% and 13.6%, respectively.
During the period under review, the structure of assets has undergone the following changes:
The share of investments in the total loan portfolio increased from 78.9% to 84.8%, while their nominal volume increased by 203.2 million rubles;
As of the reporting date, the credit institution has no investments in the securities portfolio;
The share of issued interbank loans decreased from 4.8% to 1.6%, while their nominal volume decreased by 95.2 million rubles;
The share of highly liquid assets decreased from 6.8% to 4.9%, while their nominal volume decreased by 54.1 million rubles;
The share of fixed assets decreased from 6.3% to 6%, while their nominal volume decreased by 9.4 million rubles;
The share of other assets decreased from 3.1% to 2.8%, while their nominal volume decreased by 9.2 million rubles.
As of the reporting date, the value of the total loan portfolio of the financial institution is 2.5 billion rubles. Since the beginning of the year, its volume has increased by 203.2 million rubles (or 8.8%). The main share in the loan portfolio falls on loans to legal entities - 100%. The loan portfolio is predominantly short-term: the share of loans issued for a period of less than one year is 96.8%. Over the analyzed period, the level of overdue debt on the total portfolio decreased from 3.3% to 2.1%. At the same time, the level of provisioning for the loan portfolio is 14%, which fully covers the amount of overdue debt. The value of property pledged as collateral for loans is RUB 3 billion (118% of the loan portfolio).
In the interbank market, a credit institution works in both directions. As of November 1, 2018, the amount of funds placed is 46 million rubles. As of November 1, 2018, the amount of funds raised is RUB 69.9 million. In the foreign exchange market, the financial institution is showing weak activity, the turnover on conversion operations following the results of the last month is at the level of 1.5 billion rubles.
According to RAS reporting data, at the end of 2017, the credit institution made a profit in the amount of 32.1 million rubles. According to the results of January - October 2018, the credit institution shows a profit in the amount of 28.2 million rubles.
Board of Directors: Denis Shiryaev (chairman), Natalya Asanovich, Irina Vereshchaga.
Governing body: Natalya Asanovich (Chairman), Nadezhda Ivanova, Olga Makarova.
No. 248 of December 13, 2007
All types of banking activities
Bank of Traditional Values
Kazakhstan: Alma-Ata
Bakhytbek Baiseitov (Chairman of the Board of Directors),
Li Vladislav (Chairman of the Board)
Bank Center Credit- the fourth largest commercial bank in Kazakhstan as of April 1, 2011 in terms of assets. The head office is located in Almaty.
September 19, 1988 "Alma-Ata Central Cooperative Bank" was registered. In the history of domestic financial institutions, the bank received a license under No. 4 of the State Bank of the USSR. In 1991, the State Bank of the Kazakh SSR re-registered the Alma-Ata Central Cooperative Bank into the Kazakh Central Joint-Stock Central Bank. The following year, the bank received a general license from the National Bank of the Republic of Kazakhstan to conduct banking operations in foreign currency.
In 1996, the bank became the only representative of the Western Union international money transfer system in Central Asia and Kazakhstan. In 1998, Zhilstroybank CJSC and Bank CenterCredit OJSC merged. In 1999, Bank CenterCredit was one of the first among second-tier banks to become a member of the Kazakhstan Deposit Guarantee Fund. The bank's shares were included in the official "A" listing of the Kazakhstan Stock Exchange. On July 14, 1999, BCC Invest became part of the banking group.
In 2000, the bank was accepted into the VISA International system as a member-member, services are provided for the issuance and maintenance of VISA plastic cards. In 2001, the bank became an open public joint-stock company and began to develop as a financial group; subsidiaries were created - NPF "Capital" and the leasing company "CenterLeasing". In 2005, a representative office of the bank was opened in Moscow. On February 15, 2005, the bank made its debut Eurobond issue in the amount of US$200 million.
In 2008, a subsidiary bank was opened in Moscow - Bank BCC-Moscow LLC. In the same year, Bank CenterCredit signed an agreement with a strategic partner, South Korean Kookmin Bank. In 2009, an agreement was signed between the shareholders of Bank CenterCredit, Kookmin Bank and IFC, on the basis of which Kookmin Bank increased its share in the bank's capital and IFC acquired 10% of the shares. In 2010, Bank CenterCredit, Kookmin Bank and the International Finance Corporation completed a deal to participate in the bank's capital. In the same year, a representative office of the bank was opened in Kyiv.
According to a certificate from the register of shareholders of Bank CenterCredit Joint Stock Company, shareholders owning more than 1% of ordinary voting shares of Bank CenterCredit Joint Stock Company, as of February 1, 2012, are:
1. Baiseitov Bakhytbek Rymbekovich (citizen of the Republic of Kazakhstan, living in Almaty) - 30.85%
2. KOOKMIN BANK (registration: Republic of Korea, Seoul, registration number 110111–2365321 dated November 01, 2001, Certificate of business registration 5959-349-7219-882, Postal address: 9-1, Namdaemunno 2(i)- ga, Jung-gu, Seoul, Korea) - 29.57%
(Sole shareholder (100% shareholder) of KOOKMIN BANK, - KB Financial Group Inc (registered on September 29, 2008, Postal address: 9-1, Namdaemunno 2-ga Jung-gu, Seoul, 100-092, Korea). KB Financial Group Inc. is a public company (joint stock company) whose shares (according to the Certificate of Exchange Quotation issued by the Korea Exchange) have been listed on the Korea Exchange since October 10, 2008.)
3. International Financial Corporation (IFC) (registration: USA, Washington, document confirming the registration of a legal entity No. 1 dated 01.10.1955, Postal address: 2121 Pennsylvania Avenue, NW Washington, DC 20433 USA) - 12.42%
4. Lee Vladislav Sedinovich (citizen of the Republic of Kazakhstan, living in Almaty) - 3.68%
5. Amankulov Dzhumageldy Rakhishevich (citizen of the Republic of Kazakhstan, living in Almaty) - 2.32%
6. CATAPEL LIMITED (registration: Cyprus, Nicosia, document confirming the registration of a legal entity No. 167175 dated October 26, 2005) - 1.56%
The chairman of the board of the bank is Li Vladislav Sedinovich, the chairman of the board of directors is Bakhytbek Rymbekovich Baiseitov.
The bank specializes in providing services to small and medium-sized businesses, as well as corporate and retail sectors. The branch network of the bank throughout Kazakhstan includes 20 branches, 180 branches, 666 ATMs and 1,033 pos-terminals in trade and service enterprises. There are representations abroad. In particular, a subsidiary bank in the Russian Federation LLC "Bank BCC-Moscow" and representative offices in Kyrgyzstan and Ukraine. The number of employees is almost 5,000 people.
As of December 31, 2010, the bank's assets amounted to 1,224.6 billion tenge, the bank's liabilities as of December 31, 2010 amounted to 1.14 trillion tenge, equity capital - 84.8 billion tenge, authorized capital - 70 billion tenge. The bank's net profit for 2010 amounted to 30.669 million tenge.
BCC has two local subsidiaries in the field of brokerage and dealer activities of BCC Invest JSC and asset management and pension services of NPF Capital JSC, and is also a principal member of the international payment systems Visa International and MasterCard International.
www.startme.kz– a website created by the bank for the launch of new loan products developed jointly with JSC Entrepreneurship Development Fund “DAMU”. On November 20, 2012, a presentation of a new product line was held in Almaty:
DAMU StartUp is a unique service for small businesses that has no analogues in the Kazakhstani market. On www.startme.kz for users there is basic information about entrepreneur support programs, as well as an on-line application for a loan.
Bank CenterCredit JSC- a second-tier bank of the Republic of Kazakhstan, began its activities in September 1988. Most of the shares of Bank CenterCredit JSC belong to Kookmin Bank.
Kookmin Bank- one of the largest banks in the Republic of Korea, founded in 1963 and headquartered in Seoul. After banking sector of the Republic of Korea began to experience serious difficulties caused by the credit crisis in the summer of 2007, in March 2008 Kookmin Bank went to acquire part of Bank CenterCredit.
At the time of the acquisition of shares in Bank CenterCredit, representatives of the South Korean side noted that they agreed to conclude the said deal just when Central Asia begins to benefit from its natural resources. Prior to that, such acquisitions were made mainly by Western European banks. Thus, the management of Kookmin Bank planned to enter the CIS region through the acquisition of a stake in Bank CenterCredit JSC in the future. In August 2008 Kookmin Bank acquired 23% of the Bank's shares. As of December 31, 2009, the share of Kookmin Bank in the authorized capital of Bank CenterCredit JSC was 30.52%. On February 25, 2010, the strategic partners Bank CenterCredit JSC, Kookmin Bank Co Ltd and the International Finance Corporation (IFC) completed a deal to participate in the capital of Bank CenterCredit. As a result, Bank CenterCredit received strong support in the form of new equity capital of KZT17.2 billion (US$116 million equivalent). Kookmin Bank increased its stake to 41.94%.
The principal activities of the Bank are commercial banking, dealing in securities, loans, foreign exchange and derivatives, loans and guarantees. The Bank has an extensive list of services provided: Internet banking, telephone banking, leasing financing, cash collection, factoring, home banking, safe deposit services, and so on. The Bank is the parent company of the banking group. BCC has three local subsidiaries in the field of broker-dealer activities, asset management, leasing and pension services, as well as subsidiary bank in the Russian Federation LLC "Bank BCC - Moscow". Correspondent network of Bank CenterCredit JSC totals about 40 foreign banks, which allows you to make payments around the world. The Bank has established 1,350 POS terminals.
Number of cards in circulation amounted to about 520,000 pieces. BCC is a principal member of international payment systems Visa International And MasterCard International.
Bank CenterCredit is included in the register of banks participating in the deposit insurance system KFGD .
December 2002- The "Quick Transfers" system of Bank CenterCredit JSC was recognized as the winner in the nomination "The best money transfers in the Republic of Kazakhstan".
May 2003- Presentation of the prize by Bank CenterCredit JSC "Silver Spring" and diplomas in the nomination "New name - New image".
October, 2003- Bank Center Credit recognized as the most dynamically developing bank in Kazakhstan under the EBRD Small Business Lending Program (SBMB) in 2003.
December, 2003- The Honorary Council of the European Market Research Center (EMRC) awarded Bank Center Credit OJSC an award "Award Euromarket-2003" in nomination "The best bank for small and medium businesses"
January, 2004- Based on the results of a study conducted by the review and analytical magazine "Exclusive", Bank CenterCredit" took second position in the rating among commercial banks with the best business reputation in Kazakhstan.
February, 2004- The Bank's branch in Taraz took the fifth place in terms of the quality of customer service of the system Western Union within the competition "Club-500" held by the Company among 500 most successful items in five regions of the world.
January 2005- According to the log The Banker, Bank CenterCredit JSC is seventh in the ranking of the fifty fastest growing banks in transition countries.
January 2005- Bank CenterCredit again entered the top five leaders of the banking market of Kazakhstan according to the latest independent rating magazine "Exclusive".
October 2005- Bank CenterCredit is recognized as a Company Western Union the winner among agents of Europe and the CIS in the nomination "For Business Development" and was awarded "Golden Wreath".
October 2006 - Subsidiary of BCC Invest ranked first among professional participants in the domestic securities market in terms of the number of companies listed on the Kazakhstan Stock Exchange and recognized as one of the market leaders in terms of the total volume of securities trading.
December 2006- According to the results of the competition "Club-500" Bank CenterCredit was awarded a diploma for the best quality of service for Western Union payments.
December 2010- According to an English magazine The Banker winner in the nomination "Bank of the Year in Kazakhstan" became Bank CenterCredit
September 1988- created Almaty Central Cooperative Bank- one of the first cooperative banks in the USSR
August 1991- The Bank was re-registered as Kazakh Joint Stock Center Bank
November 1993- The Bank becomes a member of the Kazakhstan Stock Exchange
September 1994- Authorized by one of the two Kazakh banks - an agent for the administration of the EBRD credit line for the development of small and medium-sized businesses.
May 1995- Acquisition of a 100% stake in Kazakhstan International Bank from Chase Manhattan Bank and the Government of the Republic of Kazakhstan.
June 1996- The bank becomes a representative of the money transfer system Western Union in Central Asia and Kazakhstan.
October 1996- Selected as the authorized bank for the administration of the EBRD credit line in the amount of USD 54 million for the reconstruction of the seaport in the city of Aktau.
November 1996 - Bank re-registered as OAO "Bank CenterCredit"
April 1997- Began participation in the program Twinning together with the Austrian "Raiffaisen Investment AG" and the Irish "Bank of Ireland International Services Ltd".
May 1997- The bank is included in the first group of second-tier banks.
December 1997- The bank won the tender for privatization CJSC "Zhilstroybank".
April 1998- As part of the "Kazakhstan Investors" alliance, the bank won a tender for privatization Bank TuranAlem.
July 1998- Completed reorganization Bank CenterCredit JSC by merging with CJSC "Zhilstroybank".
July 1999- Assigned an international credit rating by Thomson Bank Watch: for long-term borrowings level B, which corresponds to the level of Kazakhstan; for short-term borrowings - level LC-3 - the third category of investment grade, which means the ability to service debt and pay interest.
August 1999- The bank's shares are included in the official "A" listing category Kazakhstan Stock Exchange.
November 1999- Confirmation of the international credit rating by the agency Thomson Bank Watch.
December 1999- Obtaining a license to carry out custodial activities. February 2000 d. - The Bank becomes a participant in the system of mandatory collective guarantee (insurance) of deposits of individuals. Certificate number 2.
May 2000- The bank is accepted as a member-participant (Participant Member) Visa International systems.
July 2000- Confirmation of the international credit rating by Thomson Bank Watch.
September 2001- Getting the first syndicated loan in the amount of US$ 11 million.
September 2002- Getting a second syndicated loan in the amount of US$ 15 million.
August 2003- Bank CenterCredit opened its The educational center.August, 2003 - The Bank started distributing payment system cards American Express.
October, 2003- A syndicate of foreign banks provided a new loan in the amount of 36 million dollars for a period of one year with an option for another year.
November, 2003- Together with the Fund for Guaranteeing Obligations on Grain Receipts of the Ministry of Agriculture of the Republic of Kazakhstan, the European Bank for Reconstruction and Development Bank CenterCredit, launched a project for lending to agribusiness.
December, 2003- Signed an agreement with the EBRD on granting a loan in the amount of $10 million for the implementation of the second stage of the Small Business Financing Program.
December, 2003- In the structure of the Bank formed Credit Risk Department, Small and Medium Business Lending Department and the Office of the Back Office of Monetary Operations.
December, 2003- Signed loan agreement with the Dutch development bank FMO and the German development bank DEG for a total amount of 8 million dollars for a period of 5 years.
March, 2004- Bank CenterCredit organized and held a conference on the problems of introduction and development of the state language in the financial sector. The co-organizers were the National Bank of the Republic and the Association of Financiers of the Republic of Kazakhstan.
March, 2004- Two syndicated loans were raised to finance the Bank's corporate clients in the amount of $24 million.
April, 2004 - The name of the Bank was changed to Joint Stock Company "Bank CenterCredit"
June, 2004- The largest syndicated loan in the history of the Bank in terms of the number of participants in international commercial banks (21) was raised in the amount of USD 45 million.
August, 2004- An agreement was signed with the EBRD under the Grain Receipts Program to increase the credit line from 3 to 6 million dollars, in which the Dutch Rabobank took part.
August, 2004- Bank CenterCredit, along with seven large commercial banks of the Republic, became a shareholder first credit bureau created in Kazakhstan. October, 2004 - Assets of Bank CenterCredit exceeded 1 billion US dollars, which coincided with the 16th anniversary of the Bank's founding in September 1986
October, 2004- Bank CenterCredit acted as one of the organizers of a unique club deal for the Food Contract Corporation, the largest state exporter of Kazakh grain, the creditors of which were also cooperatieve centrale raiffeisen-boerenleenbank b.a., rabobank international and natexis banques populaires.
November, 2004- A $6 million agreement was signed with the EBRD to secure financing for agricultural equipment.
November, 2004- Bank CenterCredit acted as the organizer of the first in the history of Kazakhstan syndicated loan for a Kazakhstani Bank Valut-Transit. This loan was arranged in the Kazakhstani market.
November, 2004- An agreement was signed with a syndicate of 28 foreign banks to prolong a syndicated loan in the amount of USD 70 million.
February 2005- The Department of International Relations was established within the structure of the Bank.
February 2005- A loan agreement was signed with a syndicate of foreign banks in the amount of USD 50 million for the purpose of pre-export financing of contracts for the Bank's clients.
February 2005- The Bank placed the debut issue of three-year Eurobonds in the amount of 200 million US dollars on the international capital markets.
March 2005- The first coupon payment was made to the holders of their mortgage bonds on the Bank's coupon bonds of the fifth issue. The first coupon payment was made on the Bank's subordinated bonds of the fourth issue. The Bank's Retail Business Center was opened in Astana.
May 2005- Bank CenterCredit and the Kazakhstan Investment Promotion Center signed an Agreement on cooperation and joint activities in the field of development and attraction of investments in innovative and investment projects. The network of cash settlement departments of the Bank amounted to 100 units. million US dollars for a period of 7 years to finance leasing projects.
June 2005- The Bank placed on the domestic market bonds of the seventh issue in the amount of 2 billion tenge with a maturity of 10 years. The bonds are included in KASE's official "A" listing category.
July 2005- Bank CenterCredit made the first coupon payment on its own bonds of the sixth issue. According to the results of the first half of the year, the Bank received a net profit in the amount of 2.1 billion tenge, which is 82.8% more than in the same period last year. At the same time, assets amounted to 224.4 billion tenge, having increased by 86% over the year, equity capital amounted to 16.8 billion tenge - an increase of 77%, respectively. The growth of the loan portfolio amounted to 97%, or 150.2 billion tenge.
August 2005- A representative office of the Bank was opened in Moscow. The bank made the first coupon payment on the bank's first issue Eurobonds.
September 2005 - International payment system Visa International upgraded the status of Bank CenterCredit to a Principal Member, which allows for issuance and acquiring, as well as direct all settlements with this payment system.
October 2005- A memorandum was signed with the European Bank for Reconstruction and Development on the complete transfer of authority to Bank CenterCredit to implement the SME Lending Program.
November 2005- A loan agreement was signed with the European Bank for Reconstruction and Development in the amount of 24 million US dollars to finance grain companies secured by grain receipts. Along with the EBRD, Rabobank International, Natexis Banques Populaires and Standard Bank London acted as lenders. The bank attracted a syndicated loan in the amount of 200 million US dollars More than 40 international commercial banks and financial organizations participated in the syndicate, An agreement was signed with Raiffeisen Zentralbank Österreich Aktiengesellschaft (Vienna) and Citibank N.A. (London) to attract a syndicated loan in the amount of 200 million US dollars to finance export-import contracts. The syndicate includes more than 40 international commercial banks and financial organizations. A third of the syndicate participants are new banks that have not previously worked with Kazakh commercial banks.
December 2005- Bank CenterCredit signed a loan agreement with Wachovia Bank National Association (USA) in the amount of 9 million US dollars guaranteed by the US government agency OPIC. The loan is intended to finance small and medium-sized businesses, as well as retail clients of the Bank. The Bank redeemed the first issue of its own subordinated five-year bonds.
February 2006
- Placed the debut issue of perpetual hybrid notes in the amount of 100 million US dollars with the possibility of redemption in 10 years. The demand for sheet music exceeded the subscription by 6.5 times.
March 2006- The bank raised 38 million US dollars from Islamic finance Murabaha for a period of 1 year.
April 2006- A US$100 million Schuldscheindarlehen syndicated loan agreement was signed.
June 2006- A US$300 million syndicated loan agreement was signed, arranged by ING Bank, Standard Bank Pic and Mitsui Banking Corporation Europe Limited.
July 2006- Bank CenterCredit launched its own processing center.
August 2006- A memorandum of cooperation and interaction in matters of increasing the transparency of their activities with the Agency of the Republic of Kazakhstan for Financial Supervision was concluded. September 2006 - The Bank placed Eurobonds for 25 billion tenge.
November 2006- The Syndicate of Foreign Banks increased by USD 66.1 million and extended for a year the term of the syndicated loan granted in November 2005. November 2006 - Agreement signed with Raiffeisen Zentralbank AG (Vienna) and Citibank N.A. (London) to extend and increase the amount of the syndicated loan up to 200 million US dollars.
December 2006- Completed placement of Eurobonds in the amount of 500 million US dollars.
Joint Stock Company "Bank CenterCredit" was established on September 19, 1988 and is one of the first commercial banks in Kazakhstan.
This is the only financial institution that was created back in Soviet times and has been successfully operating to this day; For many years, the bank was included in the list of the six largest players in the banking sector in terms of assets, in 2014 it ranks fourth in this indicator.
The history of the bank's creation begins with the founding in 1988 of the Alma-Ata Central Cooperative Bank - one of the first commercial banks established in the USSR.
By mid-1988, 12,000 cooperatives were registered in Kazakhstan, employing 175,000 people. There were more than 700 cooperatives in Alma-Ata and the region. Some of them united in a union, under the auspices of which the Alma-Ata Central Cooperative Bank was created.
In the first years of operation, the bank was constantly in the area of attention of the republican office of the State Bank of the USSR, and then the National Bank of Kazakhstan. Its creation was supported by the Central Committee of the Communist Party of the Kazakh SSR, because it was instructed from above to promote the cooperative movement.
The bank's resource base was made up of balances on the current accounts of enterprises. This money was the source of credit. The authorized capital was formed at the expense of contributions from the unions of cooperatives. Then the bank began to attract customers - businesses that have account balances. One of the first clients of the bank was the Kazakh Society of the Blind, there were also various self-supporting Komsomol and youth organizations. Plus, there were loans from state banks: in the early 1990s, Sberbank issued the first interbank loan in the amount of one million rubles. It was already heavily depreciated money, but all this created a resource base for issuing loans to cooperatives.
In 1991, on the basis of the decision of the founding conference of March 6 of the same year, the Alma-Ata Central Cooperative Bank was renamed into the Kazakh Central Joint Stock Bank "Center-Bank", the charter of which was registered by the State Bank of the Kazakh SSR on August 12, 1991 under No. 21.
In 1996, the bank re-registered its legal form and changed its name to Bank CenterCredit OJSC.
In 1997, Bank CenterCredit OJSC won a tender for the privatization of Zhilstroybank CJSC, and in 1998 the two banks merged; in fact, it was then that Bank CenterCredit was created in the form in which it still exists.
In 1999, Bank CenterCredit was one of the first among second-tier banks to become a member of the Kazakhstan Fund for Guaranteeing (Insurance) Deposits of Individuals.
On July 1, 1999, the Code of Conduct for Senior and Middle Managers was approved. The main provisions of the code helped shape the modern corporate spirit and style of behavior.
In pursuance of the adopted Law of the Republic of Kazakhstan "On Joint Stock Companies" dated May 13, 2003, Bank CenterCredit OJSC in 2004 re-registered its legal form and changed its name to Bank CenterCredit JSC.
March 17, 2008 The bank announced the acquisition of a 30% stake in the capital of the South Korean Kookmin Bank with a further prospect of increasing its participation to 50.1% or higher.
Kookmin Bank is Korea's largest financial institution with over 26 million customers across 1,204 branches. Kookmin Bank is headquartered in Seoul, and its shares are listed on the Seoul and New York Stock Exchanges, the bank has representative offices in Hong Kong, Tokyo, London, Auckland, New York, Guangzhou, Almaty, Kiev, Ho Chi Minh City and Jakarta.
On August 27, 2008, Kookmin Bank of Korea completed the acquisition of a 23% stake in BCC for the amount of 59.9 billion tenge (equivalent to $500 million). This was preceded by Kookmin obtaining all necessary regulatory approvals, including permission from the Competition Protection Agency and the Agency for Regulation and Supervision of the Financial Market and Financial Institutions of the Republic of Kazakhstan.
At the time of the acquisition of shares in Bank CenterCredit, representatives of the South Korean side noted that they agreed to conclude the said deal just when Central Asia begins to benefit from its natural resources. Prior to that, such acquisitions were made mainly by Western European banks. Thus, the management of Kookmin Bank planned to enter the CIS region through the acquisition of a stake in Bank CenterCredit JSC in the future.
In August 2008, Kookmin Bank acquired a 23% stake in the Bank. As of December 31, 2009, the share of Kookmin Bank in the authorized capital of Bank CenterCredit JSC was 30.52%.
On February 25, 2010, the strategic partners of Bank CenterCredit JSC, Kookmin Bank Co Ltd and the International Finance Corporation (IFC) completed a deal to participate in the capital of Bank CenterCredit. As a result, Bank CenterCredit received strong support in the form of new equity capital of 17.2 billion tenge. Kookmin Bank increased its stake to 41.94%.
The strategic partnership between the Bank and Kookmin Bank will allow the two leading financial institutions to combine their skills and experience to make the most of this huge business opportunity.
Bank CenterCredit JSC is one of the few banks that, having survived all the difficulties of the transition to a market economy, has been stable, reliable and profitable for 25 years.
The main activity of Bank CenterCredit JSC (BCC) is commercial banking, operations with securities, loans, foreign exchange and derivatives, loans and guarantees.
The bank offers its clients a wide range of banking services - lending in tenge and foreign currency, accepting deposits, making payments and transfers, currency exchange, servicing credit cards, providing custodial services to Kazakhstani investors, and other services, expanded the network of branches and their deposit funds. The main clients of the Bank are medium and small businesses, individuals, large national companies, state enterprises. The Bank is one of the first participants in the Kazakhstan Fund for Guaranteeing (Insurance) Deposits of Individuals in Second Tier Banks.
BCC's sales network as of January 1, 2014 includes 20 branches and their 128 structural subdivisions.
Structural subdivisions of branches are presented in the following formats:
BCC has its branches in all regional centers and large cities of the Republic of Kazakhstan. In total, branches and their structural subdivisions are located in 38 settlements throughout Kazakhstan.
Structural subdivisions of BCC, regardless of their type - Opera, VIP-center, Central Federal District, Central Regional Office, RKO - provide a full range of banking services: settlement and cash services, lending, deposits, current accounts, transfer operations, payment cards, guarantees, safe deposit services and other.
BCC has long-term correspondent relations with financial institutions in the CIS countries, Kazakhstan and far abroad. This greatly contributes to the expansion of the geography of trade and financial operations of the Bank's clients.
The Bank actively cooperates with global financial development institutions such as the European Bank for Reconstruction and Development (EBRD), FMO (Netherlands), DEG (Germany), International Finance Corporation (IFC), Asian Development Bank (ADB), OPIC (USA) and the Eurasian Development Bank (EDB). Long-term cooperation with international organizations is a recognition of BCC's financial stability, transparency of its activities, reliability for customers and partners.
The Bank is the parent company of the banking group. BCC has three local subsidiaries in the field of brokerage and dealer activities, asset management, leasing and pension services, as well as a subsidiary bank in the Russian Federation, Bank BCC - Moscow LLC (see Table 3).
Table 3
Subsidiaries of Bank CenterCredit JSC
|
Subsidiary |
Field of activity |
a brief description of |
|
JSC "BCC INVEST" |
Investment banking |
Provides the following services:
|
|
Center Leasing LLP |
financial leasing |
Provides leasing services to Kazakhstani companies, creating an opportunity for the development of their business and improving the welfare of Kazakhstan. The main products offered by Center Leasing LLP to corporate clients of the bank, small and medium-sized businesses and private entrepreneurs are financial, returnable and leasing services without financial expertise. |
|
LLP "VSS-Invest" |
Distressed asset management |
The main activity is asset management of mutual funds and investment portfolio management |
|
OOO "Bank BCC-Moscow" |
banking |
Works on the basis of the license of the Central Bank of the Russian Federation for banking operations No. 3480 of 09/07/2012. |
|
JSC NPF "Capital" |
Pension fund management |
Created in 2001. Since November 2013, after the transfer of all pension assets to the management of the UAPF, the activities of JSC APF "Capital" are connected only with the management of its own investment portfolio |
The correspondent network of Bank CenterCredit JSC includes about 40 foreign banks, which allows making settlements all over the world. The Bank installed 1,350 POS-terminals.
The mission of the bank is "One of the best banks providing quality service, new products and customer-oriented tools."
The corporate values are: "Honesty. Professionalism. Efficiency. Goodwill".
The governing bodies of the bank are shown in Figure 4.
The competence of the bank's management bodies is determined by the Charter, registered on May 25, 2004 in the Department of Justice of Almaty. Issues related to the activities of the Bank as a joint stock company, not reflected in the charter, are regulated by the current Law of the Republic of Kazakhstan "On Joint Stock Companies" and other regulations.
Figure 4. Management structure of Bank CenterCredit JSC
The organizational structure of the bank includes the head office, 20 branches and 98 cash settlement departments.
The head office is a methodological center that coordinates the activities of all branches and provides them with comprehensive support.
The head office is represented by the following Departments:
Each department has several departments.
The main tasks facing the Treasury Department are control and support of brokerage services and dealer operations of the bank, liquidity monitoring and control over compliance with prudential standards, provision of branches with cash currency and financial resources, formation and management of the bank's securities portfolio.
The Risk Analysis and Management Department was established in August 2002. Its tasks include the creation and improvement of an effective risk management system. The department constantly monitors the macroeconomics, prepares forecasts for further market development, analyzes the activities of competitors and the SWOT analysis of the bank. Based on the analytical information used, the Department identifies all risks to which the bank is or may be exposed, measures them, sets up a control environment and continuously monitors the bank's performance indicators associated with risks.
The Credit Risk Department develops the bank's internal credit policy, prepares the methodological and regulatory framework for lending activities, analyzes and monitors the loan portfolio of the entire Bank and branches, provides customer service in the field of lending, trade finance, mortgage lending, as well as financing through international financial institutions , analysis of real estate market conditions, work with problem loans, preparation of reports in accordance with the requirements of the National Bank of the Republic of Kazakhstan.
The Small and Medium Business Lending Department performs the tasks of attracting and serving the SME sector, coordinating the sale of loans depending on regional, sectoral and seasonal needs, developing and promoting products of loans, guarantees, trade finance, etc., implementing the methodology promotion of credit products.
The administrative department carries out the implementation of the Bank's personnel policy as a whole, the methodological guidance of the documentation process, material and technical supply (communications, transport, warehouses), the organization of security and collection services, the provision of legal support to all services of the bank, the organization of claims and lawsuits.
The Finance Department analyzes the budget implementation, expert evaluation of profitability, regulation of current taxation processes and organization of tax accounting in the bank, implementation of methodological guidance in the field of accounting and reporting, implementation of back office functions.
The Retail Business Department coordinates the process of selling banking products through the branch network, develops and introduces new products, monitors the technical condition and administers the bank's local network and existing database servers, develops software, maintains the bank's computer park in working condition. In addition, the Department carries out work on retail lending.
The main tasks of the corporate finance department are to work with corporate clients of the bank, attracting and servicing, as well as promoting the credit history and image of the bank in international capital markets, as an attractive object for investing in Kazakhstan. Development of the bank's corporate business, organization of attraction of borrowed funds, long-term investments from international financial institutions for further financing of projects of corporate clients.
The main tasks of the Department of International Relations are the development of the bank's international business, promotion of the bank's image in the international capital market.
There are also four permanent committees in the bank:
As of January 1, 2014, the number of placed ordinary shares amounted to 162,456,800 pieces, preferred shares convertible into ordinary shares - 39,249,255 pieces, the authorized capital was paid in the amount of 69,751 million tenge.
Major shareholders of the bank owning 5 or more percent of the placed shares are presented in table 4.
Table 4
Major shareholders of Bank CenterCredit JSC
|
Shareholder |
|
|
Kookmin Bank Co Ltd. |
|
|
Baiseitov B.R. |
|
|
International Finance Corporation (IFC) |
The bank's equity capital in 2013 increased by 4,300 million tenge and amounted to 141,698 million tenge as of January 1, 2014. Figure 5 shows the equity capital structure of Bank CenterCredit JSC.
As we can see, the largest share in the bank's capital structure is occupied by the authorized capital, however, its share in 2013 compared to 2012 decreased by 3 percentage points. and amounted to 48;%. Slightly more than a third in the capital structure is subordinated debt (31% and 33% in 2013 and 2012, respectively).
Figure 5. Structure of equity capital of Bank CenterCredit JSC, %
Bank CenterCredit JSC occupies a stable position in the market of banking services in Kazakhstan (see Table 5).
Table 5
Share of Bank CenterCredit JSC in the banking system of the Republic of Kazakhstan, %
At the end of 2013, in the ranking among second-tier banks, the bank ranks fourth in terms of assets, deposit and loan portfolios. In terms of equity capital, the bank ranks 6th.
The stability of development, stable financial condition and creditworthiness of BCC have been noted by international rating agencies. As of December 31, 2013, BCC has the following credit ratings: Fitch B+, Moody's B2 and S&P B+ (see table 6).
According to the results of 2013, the international agency Global Finance Review recognized BCC as the "Best Bank of Kazakhstan in 2013 for small and medium-sized businesses."
Thus, the bank, while maintaining its competitiveness and relevance, continues to strengthen its position in the financial market of Kazakhstan.
