Halyk Bank of Kazakhstan has sold 100% of its subsidiary in Russia, Moskommertsbank. About this credit institution reported on your website. The bank did not disclose the details of the deal.
Moskommertsbank took 134th place in terms of assets in the Banki.ru rating of Russian banks. As of February 2022 (from that moment, banks do not disclose their financial statements with the permission of the Central Bank), the assets of Moskommertsbank amounted to 21.5 billion rubles. The bank was established in 2001. Its primary fields of activity were lending to small and medium-sized enterprises, providing bank guarantees, purchasing at trade and service points, and retail trade. It belonged to the National Bank of Kazakhstan, one of the largest banks in Kazakhstan and Central Asia.
According to the National Bank of Kazakhstan, as of October 1, 2022, Halyk Bank ranked first among 21 banks in Kazakhstan in terms of assets. The bank’s biggest beneficiaries are the daughter and son-in-law of Kazakhstan’s first president, Dinara and Timur Kulibayev. They control the bank through Almeks Holding Group JSC. They own 69.52% of the bank.