trending Market Intelligence /marketintelligence/en/news-insights/trending/5F3qLphn4bBiBgVen89zBg2 content esgSubNav
In This List

Tengri Bank attracts new shareholders via 4.1 billion-tenge capital boost

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


Tengri Bank attracts new shareholders via 4.1 billion-tenge capital boost

Kazakhstan-based JSC Tengri Bank increased its authorized capital by 4.09 billion Kazakhstan tenge via the issuance of 3,894,500 new shares with an offering price of 1,050 tenge per share.

Four foreign companies participated in the share offering, which took place between November 2018 and February 2019, the lender said without disclosing the names of the new shareholders.

As of Oct. 1, 2018, Tengri Bank's authorized capital amounted to 22 billion tenge, with Punjab National Bank being the largest shareholder, owning a 44.7% holding in the lender, according to information available on the Kazakhstan Stock Exchange website.

As of March 12, US$1 was equivalent to 377.99 Kazakhstan tenge.