Jul 11, 2025
Galimzhan Yesenov was previously the owner of the bank.
Co-owner Kaspi.kz Vyacheslav Kim has completed the acquisition of 100% of shares of Alatau City Bank (formerly Jusan Bank) from its former owner Galimzhan Yesenov. Press-service of financial institute reported to Forbes Kazakhstan on July, 11.
Until that day, Galimzhan Yesenov (19th in the ranking of the richest businessmen in 2025 with the capital of $560 million) owned 19,67% of the shares of Jusan Bank directly and 78,11% through First Heartland Securities JSC, which he personally owned.
“The acquisition of Alatau City Bank is extremely important to me, and I plan to implement a fundamentally new financial institution for Kazakh market on its basis. I appreciate bank management for the outstanding work, which has been provided for last 2 years. I`m confident that we will succeed if we keep all the best practices and rely on accelerated technological development” – Kim commented on his purchase.
Note to remember, Vyacheslav Kim received permission from the Agency for Regulation and Development of the Financial Market to acquire a majority stake in Jusan Bank on May, 30.
At the same time, on May 28, Jusan Bank without waiting for a change of shareholder, announced its renaming to Alatau City Bank and even introduced a new logo. On this occasion, the press-service of Jusan Bank made the following comments: “When choosing a new name, we were inspired by the establishing of mega project Alatau city - the city of the future (…) In addition, Alatau City Bank plans to participate in this global project…” However, the bank is not going to change its legal address – head office will remain in Almaty.
On June 16, Jusan Bank completed the state re-registration procedure and was officially renamed to Alatau City Bank.