Bank CenterCredit

Key details

• Parent: assets

Overview

Bank CenterCredit is Kazakh commercial bank + one of Kazakhstan's mid-sized commercial banks by assets + founded Sep 19 1988 in Almaty Kazakhstan as Center Bank under Soviet era then 1991 Bank CenterCredit JSC privatisation + Kookmin Bank South Korean parent Mar 27 2008 ~$634M ~30%+ acquisition then full exit 2017 [1, kz-cro].

History

Sep 19 1988 — Center Bank founded in Almaty Kazakhstan under Soviet era as Kazakh ASSR Soviet Republic commercial bank distinctive Kazakh banking heritage.

1991 — Bank CenterCredit JSC privatisation post-Kazakhstan independence.

Mar 27 2008 — Kookmin Bank South Korean parent ~$634M acquisition of ~30%+ controlling minority in Bank CenterCredit + 2017 Kookmin full exit selling stake to Tsesnabank Kazakh commercial bank distinctive Kazakh-Korean banking divestment.

2014 — BCC Mobile banking app launch.

Ownership & operator

Operating entity: Bank CenterCredit BCC JSC (Kazakh commercial bank).

Major shareholders: Bakhytbek Baiseitov (Kazakh businessman + BCC Chairman) ~31%+ controlling + Kazakh retail + institutional + foreign investors free float.

Regulators: National Bank of Kazakhstan NBK + ARDFM Agency for Regulation + Development of Financial Markets.

Technical integration

BCC Mobile app (iOS + Android) + bcc.kz online + Bank CenterCredit branch network across Kazakhstan + BCC Visa + Mastercard cards; EMVCo QRCPS QR payments + KazPay QR (Kazakh national QR payment scheme) + Kazakh Tenge KZT domestic transfers.

Implementations & partners

Major Kazakh banking + payments competitors: [[kaspi-kz]] (Kaspi.kz JSC; LON: KSPI NASDAQ: KSPI; Kazakh fintech super-app + commercial bank) + [[halyk-homebank]] (Halyk Bank Kazakhstan; LON: HSBK; Kazakhstan's largest commercial bank by assets) + [[forte-bank-kz]] (ForteBank Kazakhstan; Kazakh commercial bank) + [[jusan-bank]] (Jusan Bank Kazakhstan; Kazakh commercial bank).

Regulators: National Bank of Kazakhstan NBK + ARDFM Agency for Regulation + Development of Financial Markets.

Status

Active, Kazakh commercial bank + one of Kazakhstan's mid-sized commercial banks by assets + founded Sep 19 1988 in Almaty Kazakhstan as Center Bank under Soviet era then 1991 Bank CenterCredit JSC privatisation [1, 2].

Sources

• 1 BCC — official
• 2 BCC — Wikipedia
• kz-cro In-corpus: reports/countries/KZ-kazakhstan.md

Source

Biography extracted from bank-centercredit.md. See matrix.md for standards-support matrix if present.