Bereke Bank (formerly Sberbank Kazakhstan)

History

2024: Lesha Bank bought Bereke Bank

In May 2024, Qatar's Lesha Bank announced the purchase of Bereke Bank, a former subsidiary of Sberbank in Kazakhstan. The transaction value is 65 billion tenge ($146 million). The asset was sold by the Kazakhstani state holding Baiterek.

According to the Qatari holding, the parties entered into a sale and purchase agreement, to which the preconditions apply, which the parties must fulfill to complete the transaction. In particular, we are talking about the receipt by Baiterek of the approval necessary to complete the transaction "from competent regulatory and supervisory authorities."

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Earlier, businessmen from Qatar and Georgia were named as potential investors of Bereke Bank. The European Bank for Reconstruction and Development (EBRD) also showed interest.

Lesha Bank (formerly Qatar First Bank) is the first independent Sharia-compliant bank to receive approval from Qatar's financial hub regulatory authority.

Sberbank hastily sold Kazakhstan's subsidiary, which was one of the country's largest banks. The Russian state bank then fell under sanctions. However, the transaction was non-monetary in nature, the reports of the buyer belonging to the Government of Kazakhstan of the National Management Holding (NUK) "Baiterek" testified. It was furnished with a number of conditions, including the payment of dividends by the former "daughter" in favor of Sberbank (he eventually received 19 billion rubles in 2021), as well as early repayment of loans from Sberbank issued to Sberbank Kazakhstan for 150 billion rubles.

According to the reports of Baiterek, the holding's income from the purchase of Sberbank Kazakhstan amounted to 30.3 billion tenge.

In March 2023, the United States lifted sanctions on Bereke Bank, and a few months later the credit institution announced the resumption of work with the international payment system Visa, which was the last step towards a complete restoration of operations.^[1]

2023: US sanctions lifted

Ministry of Finance The United States will lift sanctions on Kazakhstan's Bereke Bank, which was previously a subsidiary of Sberbank. The reason for this decision is that now the bank is completely owned by a Kazakh company. It is assumed that the exclusion of the bank from the sanctions list USA will enter into force on March 6, 2023, reported WSJ in February 2023

2022

Name change to Bereke Bank

On September 15, 2022, it became known about the renaming of the former subsidiary bank Sberbank"." He Kazakhstan received the name Bereke Bank ("Bereke Bank"; translated from Kazakh, the word "bereke" means "wealth," "abundance," "wealth"), reports TASS with reference to the press service of the credit institution.

The Kazakhstani "daughter" of Sberbank in early September 2022 was bought by the local state holding "Baiterek."

Renaming of the former subsidiary bank "Sberbank" in Kazakhstan

Шаблон:Quote 'We closed the transfer transaction on September 1, 2022. The new bank will be called Bereke Bank. A good Kazakh word - we all wish it to each other, - said the head of the board of Baiterek Kanat Sharlapayev. The sold bank will continue to fulfill all its obligations to customers, all conditions on banking products for existing customers will remain unchanged, including bank accounts and transactions on them, deposits, conversion transactions and loans. According to the National Bank of Kazakhstan, as of August 1, 2022, the former subsidiary of Sberbank ranks eighth in terms of assets among 22 banks in the country.

Baiterek will strive to ensure the uninterrupted operation of the Kazakh bank, create favorable conditions for the development and improvement of banking services for both existing and new customers, the holding said in a statement.

Sberbank previously reported that it had decided to withdraw from the Kazakh market, guided by the current geopolitical situation and acting in the interests of the clients of the subsidiary bank.

Baiterek is an integrated development institute aimed at supporting entrepreneurship, the development of the agro-industrial complex and providing housing for the country's population. The ultimate beneficiary of the holding is the government of Kazakhstan.^[2]

A new head of Sberbank's subsidiary in Kazakhstan has been appointed

On July 11, 2022, it was announced the appointment of Nursultan Taskaranov as the new chairman of the board of the Kazakhstan representative office of Sberbank. Prior to that, he served as deputy head of this credit organization. Read more here.

Against the background of sanctions against Sberbank, customers withdrew 38% of their funds from it

As of the end of May 2022, clients of the Kazakh subsidiary of Sberbank withdrew about 38% of their funds from it due to sanctions. According to the reports, at the end of 2021, the funds of individuals amounted to 1.06 trillion tenge (155.37 million rubles), corporate clients - 1.59 trillion tenge (233.8 million rubles).

People's Bank of Kazakhstan bought out Sberbank Kazakhstan's loan portfolio for 330 billion tenge

The People's Bank of Kazakhstan (Halyk Bank) bought out the loan portfolio of Kazakhstan's subsidiary Sberbank for 330 billion tenge (about $733.5 million at the exchange rate as of April 13, 2022 - the day when the deal became known). It is specified that under the cession agreement, part of the loan portfolio of Sberbank's retail clients was purchased, including car loans issued under the concessional lending program of the Development Bank of Kazakhstan, as well as part of unsecured loans, loans for urgent needs and mortgage loans.

The assignment of part of the loan portfolio is a common practice in the financial sector. For customers, this will be expressed in a painless transition to service to another bank. For our partner bank, this is an opportunity to increase the loan portfolio. We, in turn, receive additional liquidity from this transaction, necessary to meet the needs of our clients - explained Eldar Tenizbayev, Chairman of the Board of the Kazakhstan Representative Office of Sberbank .

The People's Bank of Kazakhstan (Halyk Bank) bought out the loan portfolio of Kazakhstan's subsidiary Sberbank for 330 billion tenge.

It is noted that the conditions for the current loans of Sberbank Kazakhstan customers (balance of credit debt, loan term, monthly payment and lending rate) will remain unchanged, and the loan assignment will not entail additional costs for the client. Also, the assignment of loan rights will not affect the borrower's credit history if they are not violated by monthly payments on the principal and payments on accrued interest. The date of monthly repayment on the schedule remains unchanged. Thus, for customers whose loans were transferred to Halyk Bank, nothing changes.

As of April 1, the loan portfolio of consumer loans of the credit institution Sberbank Kazakhstan amounted to 1.1 trillion tenge (about $2.4 billion).^[3]

2012

For 2012, DB Sberbank JSC is a member of the international group Sberbank and the 10 largest banks of the Republic of Kazakhstan in terms of authorized capital. DB Sberbank JSC has a branch network consisting of 117 structural divisions, 16 of which are branches. The central office of the Bank is located in Almaty.

DB Sberbank JSC has extensive ties with the largest banks in the world, as well as vast experience in working with clients and partners engaged in various areas of the economy. Today, Sberbank JSC DB has a branch network consisting of 95 structural divisions, 13 of which are branches. The Bank's central office is located in Almaty.

Board of Directors

• Konstantin Kolpakov - Chairman of the Board of Directors
• Chogovadze Irakli Gochaevich
• Cherkashin Vladimir Alekseevich
• Denis Zvyagintsev - Independent Director
• Isengaliev Bakhytzhan Iztleuovich - Independent Director
• Oleg Evgenievich Smirnov

Management

• Oleg Evgenievich Smirnov - Chairman of the Board
• Inyushin Sergey Viktorovich - Deputy Chairman of the Board
• Nurmanbetova Leila Aimukhambetovna - Deputy Chairman of the Board
• Ponomarev Anatoly Evdokimovich - Deputy Chairman of the Board
• Sadyrov Shukhrat Abdirasulovich - Deputy Chairman of the Board
• Saurambayev Nurlan Batyrgalievich - Director of the Accounting and Reporting Department - Chief Accountant

2011

As of 01.12.2011 The Bank's assets grew by 66.3% and amounted to KZT470.2 billion. Deposits of legal entities increased by 95.8% and amounted to 314.6 billion tenge, deposits of individuals increased by 89.6% and amounted to 64.3 billion tenge. Equity amounted to KZT50.1 billion. On net income as of 01.12.11 The bank is in 4th place (7.4 billion tenge). Net profit of the bank is 7.4 billion tenge.

2007: Obtaining a license

In 2007, the Bank obtained a license to conduct banking and other operations carried out by banks in national and foreign currencies. In the same year, the authorized capital of the Bank was increased almost 15 times and amounted to 29 billion tenge (more than 240 million dollars), which allowed DB Sberbank JSC to become one of the 10 largest banks of the Republic of Kazakhstan in terms of authorized capital.

2006: Sberbank acquires TexakaBank

The history of the Subsidiary Bank of Sberbank of Russia in Kazakhstan begins at the end of 2006, when Sberbank of Russia, the flagship of the Russian financial system, the largest financial institution in Central and Eastern Europe, acquires a 99.99% stake in TexakaBank, recognized as the bank with the best level of customer service according to National Business magazine.

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