TBY recognizes ATFBank

Kazakhstan, February 23, 2015—TBY has recognized ATFBank for its work in the Kazakhstani banking sector.

Katya Koryakovtseva, TBY Country Manager, emphasized the importance of the award by saying, “TBY presents a range of awards celebrating successes in all fields of business every year. On behalf of TBY, I am proud to formally recognize ATFBank as the leading financial institution of the year. Despite the challenges related to the current financial environment in the region, ATFBank was able to consolidate its activity in Kazakhstan and to foster the development of SMEs, a driver for the development of the national economy.”

Commenting on the award, Anthony Espina, Chairman of the Management Board of ATFBank, said, “this award encourages us to do even better. ATFBank is currently undergoing a transition phase; starting from 2015, we will be able to make a good profit, and from 2016 going forward we are going to be reporting solid profits. SMEs are a priority for me and for ATFBank; we really want to support their development. For any economy to grow, you need the SME sector to grow; SMEs will be the backbone of Kazakhstan if we encourage them to grow.”

ATFBank

ATFBank was established in June 1995. In October 2003, the bank was transformed into ATF Bank Joint Stock Company and re-registered. In May 2013, KazNitrogenGaz and UniCredit Bank Austria announced they had completed the transaction for the purchase of 99.75% of ATFBank. Currently, ATFBank is a Kazakhstani bank with wide international experience, best European standards, and a clear strategy aimed at creating a unique customer service system. ATFBank is among the largest Kazakhstani banks, with a presence in all regional centers of the country.