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Largoplazo: /* Profile */Redundant, replaced: originally founded → founded using AWB

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‎Profile: Redundant, replaced: originally founded → founded using AWB

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{{Use dmy dates|date=June 2012}}
{{Infobox company
|name = Eurasian Bank JSC
|logo = Eurasian Bank.svg
|native_name = {{unbulleted list|{{Lang-kz|«Еуразиялық банк» АҚ}} |{{Lang-ru|АО «Евразийский банк»}}}}
|type = [[Joint-stock company|JSC – Joint Stock Company]]
|foundation = 1994<ref>[http://investor.eubank.kz/_download/EB_12_CON_ENG_signed%20(1).pdf 2012 Consolidated Financial statements. Note 1 a) Background – Organisation and Operations.]</ref>
|location = [[Almaty]], [[Kazakhstan]]
|area_served = Kazakhstan, Russia
|key_people = Michael Eggleton <small>(CEO)</small>
|industry = [[Financial services]]
|products = [[Asset management]], [[Retail banking|consumer banking]], [[Commercial bank|corporate banking]], [[credit card]]s, [[mortgage loan]]s, [[private banking]], [[wealth management]]
|revenue = {{unbulleted list|{{increase}} [[Kazakhstani tenge|KZT]] 52.5 billion (2013) |{{pad|1em}}KZT 38.4 billion (2012)<ref name="FS2013">{{cite web |url=http://investor.eubank.kz/_download/FS_CONS_ENG_full_report.pdf |title=Consolidated Financial Statements 2013 }}</ref>}}
|operating_income= {{unbulleted list|{{increase}} KZT 17.3 billion (2013) |{{pad|1em}}KZT 13.1 billion (2012)<ref name="FS2013" />}}
|net_income = {{unbulleted list|{{increase}} KZT 13.1 billion (2013) |{{pad|1em}}KZT 9.8 billion (2012)<ref name=" FS2013" />}}
|assets = {{unbulleted list|{{increase}} KZT 588.6 billion (2013) |{{pad|1em}}KZT 470.5 billion (2012)<ref name=" FS2013" />}}
|equity = {{unbulleted list|{{increase}} KZT 58.8 billion (2013) |{{pad|1em}}KZT 47.8 billion (2012)<ref name=" FS2013" />}}
|num_employees = > 5,500 (2013)<ref>[http://investor.eubank.kz/_download/Investor%20presentation_12M2013_ENG.pdf 2013 year end investor presentation, page 7.]</ref>
|homepage = http://investor.eubank.kz/en/]
|intl = yes
}}

'''Eurasian Bank''' is the ninth largest lender<ref>[http://www.nationalbank.kz/?docid=672 National Bank bank sector statistics Retrieved on 4 June 2014. Second tier banks monthly summary balance sheet statistics]</ref> in Kazakhstan, headquartered in [[Almaty]],<ref>[http://investor.eubank.kz/en/52/ Eurasian Bank Head Office location. Retrieved on 3 June 2012. Registered Office : 56 Kunayev Street, 050002 Almaty (Kazakhstan)]</ref> 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.<ref>[http://investor.eubank.kz/_download/EB_12_CON_ENG_signed%20(1).pdf 2012 Consolidated Financial statements. Retrieved on 3 June 2012. Note 1 a) Background – Organisation and Operations.]</ref>
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]])<ref>[http://investor.eubank.kz/_download/EB_12_CON_ENG_signed%20(1).pdf 2012 Consolidated Financial statements. Retrieved on 3 June 2012. Note 36 a) Related Party transactions – Control Relationships.]</ref>

== Profile ==
'''Eurasian Bank''' was founded by the shareholders to serve the needs of their industrial companies. As the bank grew, its scope grew and it began to serve a wider client base. The arrival of the new management team led by '''Michael Eggleton''', starting at the end of 2009, brought a transformation of the bank. New processes and procedures were put in place to clean up the loan book and initiate new lending based on strict credit criteria. This has had a dramatic impact on loan book quality, with [[Non-performing loan|NPLs]] approximately one fifth of the level of the Kazakhstan banking sector as a whole. By acquiring a strong consumer finance franchise it gained a strong engine of growth, but one that was based on strong systems and experience in the local market. Today, the Bank is a market oriented mid-tier bank in Kazakhstan, serving about 6% of the adult population in Kazakhstan, bringing to the market innovative products and offers, all the while having sector leading loan book quality.<ref>http://investor.eubank.kz/en/ Eurasian Bank annual reports 2011-2013</ref>

It is the only bank in Kazakhstan that did not suffer a rating downgrade during the recent financial crisis that created severe difficulties for the Kazakhstan banking sector.{{citation needed|date=May 2015}}

'''New product offers''' in the market are mostly targeted in the retail banking segment, in all income categories. In a market with significant administrative challenges, the bank launched a unique{{citation needed|date=May 2015}} product of '''''car in a day''''' financing. This drastic reduction of time to purchase a car with financing led to strong triple digit growth in auto financing in 2012. With their '''''Branch of the Future''''' program, the bank is increasing the types of self-service transactions for customers. The bank also launched a '''wealth management''' and '''private banking''' offer, relying on best-in-class international partners{{who|date=May 2015}} to ensure that the offer was up to global standards. All these changes rely on significant behind-the-scenes changes in systems procedures and operations.

==Management==
On December 5, 2016, '''Pavel Loginov''' was elected as the Chief Executive Officer of Eurasian Bank JSC (Kazakhstan).<ref>[http://kazworld.info/?p=59420 Kazakh Eurasian Bank Appointed New CEO]</ref> '''Michael Eggleton''' stepped down as a Chief Executive Officer of Eurasian Bank JSC (Kazakhstan). He took up this position at the end of 2009 and, together with his experienced management team, has transformed the bank from a small troubled bank into a strong mid-tier bank with a leading consumer lending position. Prior to joining Eurasian Bank, Michael Eggleton was a board member of [[Eurasian Natural Resources Corporation]] from the date of its flotation on the [[London Stock Exchange]], and he was also CEO of National Bank Trust in [[Russia]]. Prior to this he was a Managing Director at [[Merrill Lynch]] and [[Credit Suisse]], working with companies in the CIS, Eastern Europe, Turkey and North Africa. He started his career as a CPA, and has an MBA from San Diego State University in California.<ref>[http://forbes.kz/leader/spokoen_kak_bank Forbes Kazakhstan June 2013 profile of Michael Eggleton]</ref> In 2013 he received the '''''2013 Executive of the Year Award''''' from the [[American Chamber of Commerce]] in Kazakhstan.<ref name="investor.eubank.kz">[http://investor.eubank.kz/en/news/59.html Eurasian Bank website, press release on award.]</ref>

== Ratings ==
Eurasian Bank has a '''B+''' Long-term Counterparty Credit Rating with '''Positive outlook''' and a '''kzBBB+''' local scale rating from '''[[Standard & Poor's]]''',<ref>[http://www.standardandpoors.com/en_US/web/guest/ratings/entity/-/org-details/sectorCode/FI/entityId/389252 S&P rating page for Eurasian Bank, retrieved 4 June 2014 (requires site registration). Eurasian Bank has had a B+ rating with Stable outlook since December 2011]</ref> it has had these ratings since the December 2011 upgrade. The bank also has a '''B1''' Long-term foreign currency deposit rating with '''Negative outlook''' from '''[[Moody's Investors Service]]''',<ref>[/credit-ratings/Eurasian-Bank-credit-rating-600066033 Moody's Rating page for Eurasian Bank, retrieved (requires site registration) 4 June 2014. Eurasian Bank has had B1 rating since 2003, with a negative outlook since 2009.]</ref> it has had this rating since 2003, and the negative outlook has been in place since 2009.

== Awards ==
In 2013, the Bank was awarded '''''Best Bank in Kazakhstan 2013''''' by '''''EMEA Finance''''',<ref>[http://www.monitise.com/news/press_releases?id=909 Press release mentioning EMEA Finance award]</ref> and Michael Eggleton, the CEO, received the '''''2013 Executive of the Year Award''''' from the '''[[American Chamber of Commerce|American Chamber of Commerce in Kazakhstan]]'''.<ref name="investor.eubank.kz"/> In 2012 and 2013 the Bank was awarded the '''''Domestic Retail Bank of the Year''''' by '''Asian Banking & Finance'''.<ref>[http://asianbankingandfinance.net/retail-banking/exclusive/asian-banking-finance-awards-2012-winners-revealed 2012 Asian Banker & Finance Retail Bank of the Year Award]</ref><ref>[http://asianbankingandfinance.net/photo-gallery/asian-banking-finance-awards-2013 2013 Asian Banker & Finance Retail Bank of the Year Award]</ref> In 2012 the Bank was awarded the '''''Best Bank in Kazakhstan''''' by '''[[Euromoney]]''',<ref name="Press release on Euromoney award">[http://www.kase.kz/news/show/1170160 Press release on Euromoney award]</ref> and the '''''Bank of the Year in Kazakhstan''''' by '''[[The Banker]]'''.<ref>[http://www.thebanker.com/Awards/Bank-of-The-Year-Awards/The-Banker-Awards-2012-Asia-Pacific 2012 The Banker Bank of the Year in Kazakhstan Award]</ref>

==History==
History section based on press releases and chronology found on company website.<ref>[http://investor.eubank.kz/en/news/ Eurasian Bank English language website, news releases]</ref>

=== 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]]
* 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 Group|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 International|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
* August 2012 - Eurasian Bank was named The Best Retail bank in Kazakhstan in 2012 by Asian Banking & Finance
* November 2012 – [[The Banker]] named Eurasian Bank as Bank of the Year in Kazakhstan
* December 2012 - [[Deutsche Bank]] presents Eurasian Bank the 2012 Straight - Through Processing Excellence Award
* 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
* July 2013 - Eurasian Bank was named The Best Retail bank in Kazakhstan in 2013 by Asian Banking & Finance
* 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 customers

==References==
{{reflist}}

==External links==
{{Commons category|Eurasian Bank}}
*{{official website|http://investor.eubank.kz/en/}}
*[http://www.kase.kz/en/membership/member/EURAS] Kazakhstan Stock Exchange Member page
*[http://www.afn.kz/?docid=461] FNMC - Financial regulator website list of second tier banks
*[http://www.nationalbank.kz/?docid=158] - National Bank website Statistics on Financial sector

{{DEFAULTSORT:Eurasian Bank}}
[[Category:Banks of Kazakhstan]]
[[Category:Companies of Kazakhstan]]
[[Category:Economy of Kazakhstan]]
[[Category:Eurasian Natural Resources Corporation]]
[[Category:1994 establishments in Kazakhstan]]
[[Category:Banks established in 1994]]
[[Category:Kazakhstani brands]]

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Largoplazo: /* Profile */Redundant, replaced: originally founded → founded using AWB