Tsesnabank JSC

Corporate Profile Tsesnabank is the only Kazakhstani commercial bank with its headquarters in Astana benefiting from its strategic location in the country’s rapidly developing new capital. Tsesnabank has been successfully operating on the banking services market since its foundation in 1992. According to the FMSA, the Bank is the 13th largest bank in Kazakhstan in terms of assets. As at 31 December 2009, Tsesnabank reported total assets of KZT175.4bn ($1.2bn) and total equity of KZT15.7bn ($106mn) in its unaudited consolidated financial statements under IFRS. Tsesnabank has significant market positions and strong historical presence in Northern and Central Kazakhstan – the regions with active agricultural and industrial sectors, which gives it a competitive advantage in these areas. Aiming to replicate its regional success on a country scale, Tsesnabank has changed its strategy from being a regional bank to a bank with countrywide coverage, focusing on SME business and retail banking. The Bank offers a variety of banking services and products to retail customers and corporate customers, which are primarily small and medium enterprises. At present the Bank’s expanded branch network comprises 18 full-service branches and 59 outlets throughout Kazakhstan.