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

UniCredit Seen Selling Kazakh ATF Bank for Under $520 Million

UniCredit SpA, Italy’s biggest bank, will say today that it’s selling ATF Bank to a Kazakh investor, a person with knowledge of the matter said.

The lender will probably sell its full stake in the Kazakh unit for less than 400 million euros ($520 million), said the person, who requested anonymity because the talks are private.

UniCredit owns 99.7 percent of Almaty-based ATF Bank through its Bank Austria AG subsidiary. The Kazakh bank was purchased by UniCredit for $2.1 billion in 2007. The lender has since taken writedowns on the unit amid a surge in bad loans in the country.

UniCredit rose 1 percent to 3.81 euros in Milan yesterday, valuing the company at 22 billion euros. UniCredit’s shares have added 2.7 percent this year, compared with an 8.3 percent increase in the 40-member Bloomberg Banks and Financial Services Index.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.