Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Kazakhstan Not Planning Cash Injection Into BTA, Deputy PM Says

Kazakhstan doesn’t plan to inject money into state-owned BTA Bank, which has defaulted on its debt twice in three years, Deputy Prime Minister Kairat Kelimbetov said.

Speaking in a Sept. 15 interview in Ukraine’s Black Sea city of Yalta, where he attended the Yalta European Conference, Kelimbetov wouldn’t elaborate on the government’s plans for the lender.

BTA, Kazakhstan’s third-largest bank by assets, said last month that an Almaty court had prolonged a restructuring deadline by three months to Dec. 20. BTA had been seeking an agreement by September after failing to make a January interest payment on dollar bonds due July 2018.

Sovereign-wealth fund Samruk-Kazyna took BTA over in February 2009, two months before the nation’s largest lender at the time defaulted on $12 billion of debt. The government holds an 81.5 percent stake in BTA, which won 92 percent creditor approval for a restructuring plan in May 2010.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.