Finance
Fintech Tycoon Kim Weighing Takeover of Kazakhstan’s Jusan Bank
- Vyacheslav Kim is expected to buy out Jusan’s owner Yessenov
- Jusan Bank would focus on areas not dominated by Kaspi.kz
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Fintech billionaire Vyacheslav Kim is weighing the purchase of a top Kazakh bank that was acquired with his help by the current owner last year, according to people familiar with the matter.
If a deal goes ahead, Kim would get control of First Heartland Jusan Bank JSC after buying out Galimzhan Yessenov, the people said, speaking on condition of anonymity to discuss private details. There is a chance no agreement will be reached or another strategic investor may be found, the people said.