Eurasian Bank Discloses 1.08 Billion Tenge in Board Compensation
Photo: Eubank.kz
Eurasian Bank, controlled by one of Kazakhstan’s wealthiest businessmen and ERG General Director Shukhrat Ibragimov, paid its board members more than one billion tenge in 2024, Orda.kz reports.
According to disclosures published on the Kazakhstan Stock Exchange website, the bank transferred a total of 1.082 billion tenge in salaries, bonuses, and other payments to its executive body over the year. This figure reflects all compensation received by top managers.
The executive board of Eurasian Bank has seven members: chairperson Lyazzat Satieva, deputies Sabyrzhan Bekbosunov, Erlanbek Kappar, Gaziz Yermekov, Ibragim Altamirov, Askar Khamidullin, and Ainagul Dauletbayeva. Even if distributed evenly, the average monthly compensation for each executive amounts to roughly 12.8 million tenge.
Separately, the bank’s board of directors, which is not formally an executive body, has five members led by Shukhrat Ibragimov, a key ERG shareholder ranked seventh on Forbes Kazakhstan’s list of the country’s richest people.
In May, reports suggested Ibragimov was seeking greater control over ERG, vying with other co-owners for sole management of the corporation.
Original Author: Nikita Drobny
Latest news
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time
- Putin and Tokayev Consolidate New Format of Relations, Political Analyst Says
- Kazakhstan Releases Prices For All Non-Prescription Medicines
