Regulator Approves Vyacheslav Kim’s Acquisition of Jusan Bank
Photo: Orda
The Agency for Regulation and Development of the Financial Market has officially issued permission to Vyacheslav Kim, the richest businessman in Kazakhstan and the main co-owner of Kaspi.kz, to purchase Jusan Bank, Orda.kz reports.
The Agency for Regulation and Development of the Financial Market confirmed that they permitted Kim to acquire the status of a major (indirect) stakeholder in First Heartland Jusan Bank JSC.”
First Heartland Jusan Bank JSC is one of the largest second-tier banks in Kazakhstan. As of May 1, 2025, the bank's assets amount to 3 trillion 195 billion tenge, equity capital - 900 billion tenge. In terms of assets, the bank ranks sixth, in terms of loan portfolio - eighth in the country's banking system, the agency noted.
Vyacheslav Kim, who ranks first in the official Kazakhstan Forbes list, has already confirmed his intention to acquire a controlling stake in Jusan Bank.
In February, information surfaced that he intended to become the main owner of Jusan. At the end of May, the bank announced a rebranding and will now be called Alatau City Bank.
Original Author: Nikita Drobny
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