BTA Bank is a joint stock company that specialises in asset recovery. It is headquartered in Almaty and has subsidiaries in Belarus, the Ukraine and Kyrgyzstan.
BTA’s services include debt restructuring, asset seizure, out-of-court dispute settlement, sale of pledged and seized assets, pledged property auctions, and debt collection.
In 2009, BTA Bank, once one of the leading banks in Kazakhstan, was purchased by the Samruk-Kazyna National Welfare Fund after suffering badly from the 2008 and 2009 global financial crises. The bank then stopped providing banking services and began a process of debt restructuring which ended successfully in 2013. Since then, BTA has rebuilt its success, now focusing mainly on asset recovery.
In 2014, BTA Bank was bought from Samruk-Kazyna by Kenes (Kenges) Rakishev and Kazkommertsbank, each purchasing a 46.5% stake.