Orifjan Shadiyev to acquire RBS's business interests in Kazakhstan

Orifjan Shadiyev, prominent businessman and owner of Capital Bank Kazakhstan, is pleased to announce the acquisition of RBS's business in Kazakhstan (RBSK).

Mr. Orifjan Shadiyev, the owner of Capital Bank Kazakhstan, said:

“The acquisition gives an opportunity to add scale to Capital Bank Kazakhstan and perfectly fits our growth strategy. RBSK's professional staff, with their international experience and adherence to best practice, will allow us to offer high quality services to all our clients."

Commenting on the transaction, Mr. Gordon Haskins, RBS Country Head of Kazakhstan, said:

"Today's agreement with Mr Orifjan Shadiyev marks another step towards delivering the strategy RBS set out in 2014 for its Corporate & Institutional Banking business, to make the bank stronger and more aligned with the needs of its core customers in the UK and Western Europe. Both RBSK and Mr Shadiyev are committed to continuing to offer excellent service to customers during this transition.” 

The sale is subject to approval by the National Bank of Kazakhstan.