Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that the shares of the “Bank Center Credit” JSC (“BCC”), one of the largest private banks in Kazakhstan, have been listed and admitted to trading on AIX. The Bank became the first Issuer listed on AIX based on the recently introduced Regional Equity Market Segment (REMS), which is aimed at enabling access of mid-cap companies to a broader investor base and to the equity capital market.
CEO of AIX, Tim Bennett, said:
“We are delighted to welcome the “Bank Center Credit” as our first Issuer in the Regional Equity Market Segment. Listing on AIX will allow the Bank to diversify and broaden its international investor base and potentially increase the liquidity of its shares for further growth.”
Galim Khusainov, Chairman of the Board of Bank Center Credit JSC, said:
“Being a first Issuer with shares listed on AIX based on the newly introduced REMS Rules, we believe we set a good precedent for other institutions to consider a dual listing in Kazakhstan. We are grateful to both teams of AIX and BCC Invest for their professionalism and support throughout the process. We believe that the listing on AIX will help us to achieve our goals“
Reference information:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English common law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz
AIFC. Astana International Financial Center (AIFC) was established on the initiative of Nursultan Nazarbayev, the First President of the Republic of Kazakhstan. The constitutional law establishing AIFC was signed on December 7, 2015. The aim of AIFC is to form a leading center of international financial services. The objectives of AIFC are to assist in attracting investments into the country’s economy, create an attractive environment for investment in financial services, develop the securities market of the Republic of Kazakhstan and ensure its integration with international capital markets. www.aifc.kz
Bank Center Credit is a Joint Stock Company which has been incorporated and carrying out its operations in the Republic of Kazakhstan since 1988. The Bank’s principal activity is commercial banking which includes loan origination both to retail and corporate clients, documentary business, issuing banking cards, trading with securities, including FX and derivatives. Nowadays the Bank is one of the top commercial banks in Kazakhstan in terms of assets and total deposits. https://www.bcc.kz/en/
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