When will ATFBank be finally merged with Jusan Bank?
Jusan Bank and ATFBank will be merged into one bank approximately in the second half of 2021. We will make every effort to ensure that the technical integration is as smooth and comfortable for all of our clients as possible
What will the merged bank be called?
After completion of all integration processes, the merged bank will continue its activities under the name of Jusan Bank
will ATFBank and Jusan Bank become a single bank?
This is indeed the case. On March 16, 2021 the shareholders of the two banks came to decision to merge ATFBank with Jusan Bank.
Earlier, on November 2, 2020, a preliminary agreement was executed on purchase by Jusan bank of 99.77% of ATFBank's shares. The deal itself was completed on December 30, 2020 after obtaining approval from the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, thus ATFBank became part of the Jusan group.
What changes will ATFBank and Jusan Bank branch networks involve?
After merger of ATFBank with Jusan Bank, the regional network of two banks comprising 180 branches throughout the country will be united. For the moment and for the period of all possible transformations, ATFBank branches throughout Kazakhstan will continue to work without any changes.
What is the advantage of two banks merger?
As a result of ATFBank's merger with Jusan Bank, a new large financial institution will appear on the market. It will be one of the three largest banks in Kazakhstan by assets and capital with a market share of 10%.
The merger will increase the speed and convenience of service for the customers of both banks. In addition to banking products, ATFBank's clients will also have access to the services of the entire Jusan ecosystem. These include marketplace, insurance, investment management, mobile operator services, and much more
Will the merger processes affect the customer service of ATFBank?
For the period of all processes of ATFBank merger with Jusan Bank, all our branches and services will remain fully accessible to the customers. During the year, the bank's clients will be automatically transferred to service at Jusan Bank