The main shareholder of the Russian bank Expobank, Igor Kim, is going to open a bank in Kazakhstan, has learned. The businessman intends to transform his microfinance organization (MFO) Bereke. The decision was made in October.

Expobank’s main shareholder Igor Kim will open a bank in Kazakhstan

The chairman of the board of directors of Bereke was instructed to initiate the procedure for the voluntary reorganization of Bereke into a bank. At the same time, a procedure will be carried out for the sole shareholder to acquire the status of significant stakeholder in the bank.

The future bank already bears the name Safe Bank and the executive body will be located in Almaty. MFO “Bereke” was acquired by the company “Safe-Lombard” at the end of last year. The main shareholder of Safe-Lombard is Igor Kim.

After the purchase, Kim increased the structure’s share capital from 100 million tenge to 850 million tenge. Six months later, the MFO became a joint stock company, the board of directors was headed by the chairman of the board and owner of 1% of Safe-Lombard, Gennady Kim.

Already in September the company sold Bereke to Igor Kim. He is also a key shareholder of Expobank. The organization left the European banking market in 2022.

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Natalia Gormaleva

Source: RB

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