Vyacheslav Kim has acquired 100% of Alatau City Bank, a leading Kazakhstani financial institution, aiming to transform it into a modern financial entity that prioritizes technological advancement and customer service.

Information on the Target

Alatau City Bank, previously known as First Heartland Jusan Bank until June 16, 2025, is one of Kazakhstan's leading financial institutions. The bank ranks among the top six in the country by asset size and holds third place in terms of its own capital. This transaction marks a significant milestone in the bank's history as it shifts ownership to a new investor.

The recent acquisition of 100% of Alatau City Bank by businessman Vyacheslav Kim, a well-known figure in Kazakhstan's banking and finance sector, reflects the strengthening of the institution's position in the market. With over twenty years of experience, Kim is also a co-founder and chairman of the board of directors at Kaspi.kz, a prominent financial technology company in the region.

Industry Overview in Kazakhstan

The banking and financial services industry in Kazakhstan has shown resilience and growth, particularly in the post-COVID-19 recovery phase. The sector has been undergoing significant transformation, with traditional ban