National Investment Corporation of National Bank of Kazakhstan

AM Best Comments on Credit Ratings of Kommesk-Omir Insurance Company JSC Following Reduction of Regulatory Solvency Margin

Retrieved on: 
Friday, July 8, 2022
Finance, Consulting, Banking, Professional Services, Insurance, Insurance, Credit, Industry, AM, Investment, ALL, AM Best, National Investment Corporation of National Bank of Kazakhstan, News, National bank, Risk management

AM Best has commented that the Credit Ratings (ratings) of Kommesk-Omir Insurance Company JSC (Kommesk) (Kazakhstan) remain unchanged following a reduction in the insurers regulatory solvency margin.

Key Points: 
  • AM Best has commented that the Credit Ratings (ratings) of Kommesk-Omir Insurance Company JSC (Kommesk) (Kazakhstan) remain unchanged following a reduction in the insurers regulatory solvency margin.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

'Risk, Recovery, and Empowerment' Details Benchmark for Global Policy Leaders

Retrieved on: 
Tuesday, May 31, 2022
UBS, United States bankruptcy court, National Investment Corporation of National Bank of Kazakhstan, Institutional Investor (magazine), Risk, 1836 U.S. Patent Office fire, National bank, Government, Empowerment, Emotional intelligence, BTA Bank, Failure, Lehman, Lazard, Time, Bankruptcy, Samruk-Kazyna, Lehman Brothers, White & Case, GLOBE, Risk management

Praise for Risk, Recovery, and Empowerment: The Kazakhstan Bank Restructure Case Study"The bankruptcy petition filed in the United States Bankruptcy Court for the Southern District of New York by Lehman Brothers on September 15, 2008, set off a worldwide economic nightmare. Its shock waves threatened a global depression. Marcia Elizabeth C. Favale's book, Risk, Recovery, and Empowerment: The Kazakhstan Bank Restructure Case Study walks the reader through how she constructed a "Burden-Sharing" restructuring strategy for three of Kazakhstan's biggest banks that were teetering on failure in the wake of Lehman's bankruptcy. Her strategy brought together conflicting interests of key stakeholders (bank management, depositors, shareholders, creditors, and government entities), which resulted in a hard-fought success for these divergent stakeholders and the people of Kazakhstan. We should all learn from Ms. Favale's strategy."--Paul Regan, CPA, author of The Forensic: How the CIA, a Brilliant Attorney, and a Young CPA Brought Down Howard Hughes

Key Points: 
  • Today, Favale releases her book, a case study, detailing how this international benchmark, The Burden-Sharing Framework, came to be, along with its wider applicability and importance.
  • In February 2009, trying to navigate the financial crisis, the government of Kazakhstan took a decisive step in restructuring its three banks.
  • She was ranked by Institutional Investor Magazine as the "Top Analyst for Emerging Market Corporate Bond Research" (April 2006).
  • Marcia Favale's efforts culminated in a masterpiece that now, with this book, we can all bear witness to."

JSC Halyk Bank: Invitation to Participate in GDR Purchase Transaction

Retrieved on: 
Thursday, December 2, 2021
AIX, Financial assistance (share purchase), Bank, Time, Invitation, Company, Finance, National Investment Corporation of National Bank of Kazakhstan, USD, Regulatory News Service, Settlement date, European, DVP, Expiry Date (miniseries), Regulation, Telephone, National bank, Person, European Parliament, Virginia High School League, Treasury, SEC Rule 144A, ISIN, Council, KZT, Such, Expiration date, Security (finance), Financial adviser, Auction, Real estate, Cryptocurrency, Reinsurance, Online gambling

This Invitation to Participate in respect of the Bank's GDRs is being conducted concurrently with an invitation by the Bank to its holders of common shares (the "Shares") to purchase such shares (the "Share Purchase Transaction") on substantially identical terms to this Invitation to Participate.

Key Points: 
  • This Invitation to Participate in respect of the Bank's GDRs is being conducted concurrently with an invitation by the Bank to its holders of common shares (the "Shares") to purchase such shares (the "Share Purchase Transaction") on substantially identical terms to this Invitation to Participate.
  • The purpose of the GDR Purchase Transaction and the Share Purchase Transaction is to optimise the capital structure of the Bank.
  • Consequently, Offers to Participate in the GDR Purchase Transaction, when aggregated with offers to participate in the Share Purchase Transaction, will only be accepted up to the Maximum Acceptance Amount.
  • In the event that Offers to Participate in the GDR Purchase Transaction, when aggregated with offers to participate in the Share Purchase Transaction, exceed the Maximum Acceptance Amount, a pro rata reduction will be applied to all Offers to Participate (the "Pro-ration Factor").