OREANDA-NEWS. June 05, 2008. “Kyrgyzpromstroibank’s” securities was made at Central Asian Stock Exchange(CASE). According to the totals of the bargain OJSC “KyrgyzCreditBank” sold the control stock of OJSC “Kyrgyzpromstroibank”, reported the press-centre of AsiaUniversalBank.

“KyrgyzCreditBank” offered some potential investors to purchase the majority ownership of “Kyrgyzpromstroibank”. The Chairman of the Board of Directors of AsiaUniversalBank, Mikhail Nadel, was the first one who accepted the offer; besides, he put in the most attractive and beneficial for Kyrgyzcreditbank take-over bid.

A packet of documents necessary for obtaining an advance approval to reorganization of OJSC “AsiaUniversalBank” and “Kyrgyzpromstroibank” company’s takeover has been submitted to the KR National Bank by now. The procedure will be executed under the common control.

Reference:
“Kyrgyzpromstroibank” has worked since 1922. During this period the bank established a reputation as a universal credit institution providing a wide spectrum of banking services in full compliance with the legislation of the Kyrgyz Republic. The bank’s total assets constitute 1,283 thousand soms and the equity capital – 224 million soms.