A consortium led by Bakhytbek Baiseitov, Tsesnabank JSC (KAS:TSBN) and JSC Financial Holding Tsesna won the bid to acquire a 51.93% stake in Joint Stock Company Bank CenterCredit (KAS:CCBN) from KB Kookmin Bank and International Finance Corporation (‘IFC') on February 1, 2017. KB Kookmin Bank chose Bakhytbek Baiseitov and Tsesnabank JSC as the preferred buyer for its 41.93% stake, while IFC chose Bakhytbek Baiseitov as the preferred buyer. An agreement was signed in February 2017. The transaction is subject to regulatory approval. The National Bank of Kazakhstan granted its approval on April 7, 2017. It is expected that deal will close in the second quarter of 2017.

A consortium led by Bakhytbek Baiseitov, Tsesnabank JSC (KAS:TSBN) and JSC Financial Holding Tsesna completed the acquisition of a 51.93% stake in Joint Stock Company Bank CenterCredit (KAS:CCBN) from KB Kookmin Bank and International Finance Corporation on April 17, 2017.