trending Market Intelligence /marketintelligence/en/news-insights/trending/ezMeRQ7A7hAqmcH-UCB6jg2 content esgSubNav
In This List

Kazakhstan-based Bank Kassa Nova completes capital hike

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Kazakhstan-based Bank Kassa Nova completes capital hike

JSC Bank Kassa Nova increased its authorized capital by 12%, or approximately 1.13 billion Kazakh tenge, via the issuance of 1,125,000 common shares with a value of 1,000 tenge apiece.

Following the hike, the lender's authorized capital amounts to about 10.36 billion tenge, Kassa Nova said June 8.

The increase will help the bank improve its financial indicators, expand the client base and ensure asset growth, while also increasing its stability, according to Kassa Nova's majority shareholder Bulat Utemuratov.

As of June 8, US$1 was equivalent to 314.25 Kazakh tenge.