Private company

Eurasian Bank

Ninth largest lender

Eurasian Bank JSC is the ninth-largest lender in Kazakhstan, headquartered in Almaty. It was founded in 1994 as a closed joint-stock company, and reregistered in 2003 as a joint stock company due to joint stock company law changes. The Bank is owned 100% by Eurasian Financial Company JSCwhich is 100% owned by three equal shareholders: Alexander Mashkevich, Alijan Ibragimov, Patokh Shodiyev (aka Patokh Chodiev)2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1994Founded1
  • Industryfinancial services1
  • HeadquartersAlmaty1
  • Websiteeubank.kz
  • Legal formjoint-stock company1

Eurasian Bank JSC is the ninth-largest lender in Kazakhstan, headquartered in Almaty. It was founded in 1994 as a closed joint-stock company, and reregistered in 2003 as a joint stock company due to joint stock company law changes.2

Corporate structure

Eurasian Bank sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

History section based on press releases and chronology found on company website.

1990s

December 1994 – Eurasian Bank was registered as Joint Stock Bank by National Bank of Kazakhstan

February 1995 – Bank received General License to fulfill bank operations

March 1996 – Receipt of License for broker and dealer activity

April 1996 – Becomes prime dealer on Government securities

May 1996 – Bank became the member of Kazakhstan Stock Exchange

September 1997 – Receipt of the License for broker activity with Government securities

September 1997 – Bank became member of SWIFT

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April 1998 – Receipt of License for custodian activity

2000s

February 2000 – Bank became member of the Deposit Guarantee System

November 2000 – Became a member of VISA International

January 2002 – Receipt of the license to fulfill bank operations in tenge and foreign currencies

July 2003 – Moody’s rating agency assigned Bank a B1 rating for long term and NP rating for short-term deposits in foreign currency, E for Financial Strength Rating. Outlook Stable

October 2004 – Became a member of Kazakhstan Fund for mortgage loans guarantee

July 2006 – Fitch rating agency assigned the Bank with B− Issuer’s Default Rating, and B short-term rating. Outlook Stable

November 2006 – Standard & Poor’s assigned Bank В/В long and short-term ratings, kzBB national scale rating, Outlook Stable

July 2007 – Standard & Poor's changed its Outlook to Positive from Stable. Credit ratings B/B were confirmed. Bank’s local national scale rating was upgraded to kzBВB- from kzBВ

September 2008 – Visa International raises the status of the Bank to Principal Member

December 2008 – Eurasian Bank and Visa presented world's first exclusive card with diamond and gold ornaments – VISA Infinite Eurasian Diamond Card.

October 2009 – Appointment of the new chairman of the management board (CEO) – Mr. Michael Eggleton

2010s

April 2010 – Completion of the acquisition of 99.99% of the shares of Bank Troika Dialog in Moscow

June 2010 – Moody's Investors Service assigned a rating of B1 for debt in local currency

February 2011 – Acquisition of Micro Credit Organization ProstoCredit from Société Générale

December 2011 – Standard & Poor's raises the credit rating of the Bank to B/B, the local rating from kzBB to kzBB+, and changes the outlook from negative to stable

December 2011 – The Bank ends the year with more than 450 points of sale throughout Kazakhstan. Client numbers increased by 250,000 to 419,000

July 2012 – Euromoney magazine named Eurasian Bank as Best Bank in Kazakhstan

July 2012 – Kazakhstani Rating Agency KzRating upgraded the credit rating of the Bank on a national scale from BBB to A− and the international scale from BB− to BB with a Stable outlook

December 2012 – The Bank ends the year with 1,900 points of sale and 648,000 clients

January 2013 – Eurasian Bank opens its Private Banking branch for VIP clients, offering wealth management services from international partners

January 2013 – Eurasian Bank becomes principal member of MasterCard

February 2013 – Eurasian Bank launches its Branch of the Future plan with automated electronic cashiers in to branches in Almaty and Atyrau

May 2013 – Michael Eggleton, the CEO, received the CEO of the Year – 2013 award from the American Chamber of Commerce in Kazakhstan

July 2013 – Standard & Poor's Maintains the credit rating of the Bank at B+/B+, raises the local rating from kzBBB to kzBBB+, and changes the outlook from stable to positive

December 2013 – Eurasian Bank completes first retail loan assignment & servicing transaction in Kazakhstan market. Essentially, a synthetic securitization.

February 2014 – Moody's rating agency reaffirms Eurasian Bank's B1 rating

June 2014 – Eurasian Bank launches mobile banking for retail customersOn October 21, 2015, a deal was concluded to acquire 100% of the shares of BankPozitiv Kazakhstan JSC.

December 2016 – June 2019 – Pavel Loginov was appointed Chairman of the Board of the Bank.

2020s

December 2020 – the transaction for the sale of 100% of the shares of JSC SB Eurasian Bank (Russia) was completed, the buyer was Sovcombank PJSC.

From Wikipedia’s article on Eurasian Bank, shared under CC BY-SA 4.0.3

Products and brands

  • asset management

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. 1994Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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