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History and Key Milestones

Tsesnabank's history of operating in the banking market of Kazakhstan spans 25 years. Founded in 1992, soon after the declaration of independence of the Republic of Kazakhstan, the bank has been successfully providing services to its customers along with the development of the sovereign state and its banking system.

2017

September 2017

Tsesnabank won Asiamoney’s award for Best local bank in Central & Eastern Europe for Belt & Road Initiative.
 
Tsesnabank won the Asian Development Bank's Trade Finance Program award for Leading Partner Bank in Kazakhstan.

May 2017

Tsesnabank presented the largest VIP-center in Kazakhstan with an automated round-the-clock depositary.

April 2017

Tsesnabank acquired ordinary and preferred shares of Bank CenterCredit.

January 2017

On January 17 Tsesnabank celebrated its 25th anniversary


2016

September 2016

Tsesnabank increased share capital by KZT 20 bn.

April 2016

On 30 April 2016,  the Asian Development Bank (ADB) and Tsesnabank signed an agreement under the ADB Trade Finance Program for providing guarantees for trade finance transactions of Tsesnabank.

March 2016

Tsesnabank increased share capital by KZT 9.6 bn.

February 2016

Tsesnabank acted as lead manager and participating bank of a syndicated loan to Belarusbank, Minsk, Belarus.   

January 2016

At the press conference on 28 January 2016 Gennady Golovkin officially confirmed that he will participate in social and commercial projects as Tsesnabank's ambassador.

 

2015

November 2015

Tsesnabank launched the issue and servicing of MasterCard® payment cards (new products: Debit MasterCard® and Platinum MasterCard®).

October 2015

Fitch assigned Tsesnabank B+ long-term rating.

2014

July 2014

Tsesnabank recognized by Euromoney as Best Bank in Kazakhstan for second year in a row

June 2014

Tsesnabank upgraded by Standard & Poor’s to ‘B+/kzBBB’ from ‘B/kzBBB-’ on increased systemic importance (outlook Stable)

March 2014

Tsesnabank increased share capital by KZT 10 bn

2013

November 2013

The Banker recognized Tsesnabank as Bank of the Year 2013 in Kazakhstan

July 2013

Tsesnabank won the Euromoney award for Best Bank in Kazakhstan

May 2013

Tsesnabank became Principal Member of MasterCard international payment system

Tsesnabank is a winner of 'Investment Angel' World Investment Award in the nomination 'Most Dynamically Developing Kazakhstan and Foreign Bank'

A 15.5% share capital increase (by KZT5.04bn or $33mn)

Standard & Poor's revised Tsesnabank's outlook from stable to positive and raised its national scale rating from 'kzBB+' to 'kzBBB-'

2012

July 2012

Tsesnabank became the winner of World Finance Award Best Commercial Bank in Kazakhstan 2012

July 2012

An 18% share capital increase (by KZT5bn or $33mn)

January 2012

Tsesnabank recognized in the 2011 World Finance Top 100, the global list of organizations and individuals who lead the way in driving their industries forward  

2011

October 2011

Tsesnabank’s status upgraded by Visa International payment system to Principal Member

June–September 2011

A 30% share capital increase (by KZT6bn or $41mn). At 30 Sep. 2011, the Bank’s total equity stood at KZT30.6bn ($206mn), a 43% increase from YE10

June 2011

Tsesnabank upgraded by Standard & Poor’s to ‘B/kzBB+’ from ‘B-/kzBB-’ on above-average resilience to crisis (outlook Stable)

2010

December 2010

A 32% share capital increase (by KZT5bn or $34mn)

February 2010

Tsesnabank repaid in full its matured $125mn Eurobond

2009

June 2009

Tsesnabank set up its own card processing centre

2007–2010

December 2007 – May 2010

Successful utilization of funds under the government’s SME support programme in excess of KZT9bn and mortgage refinancing programme in the amount of KZT4bn

2007

May 2007

Tsesnabank recognized by Euromoney as one of the “Best Managed Banks in Central & Eastern Europe and Central Asia 2007” 

February 2007

$125mn Reg S 3-year 9.875% debut Eurobond issue

2006–2009

A number of ECA-covered transactions concluded with Landesbank Berlin AG/Hermes/SACE, Deere Credit, Inc./US Ex-Im Bank, and EDC

2006–2007

Three syndicated loans attracted (for $22mn, $50mn and $54mn)

2004

May 2004

Joined Visa International payment system as Associate Member

2003

October 2003

Tsesnabank rewarded by EBRD for the best quality of the loan portfulio

1999–2001

Completed the “Twinning” Institutional Development Programme with Rabobank, The Netherlands

1998

Credit lines from major multilaterals established: the Asian Development Bank for agricultural sector, EBRD for SME business development, the World Bank on the Agricultural Post-Privatization Assistance Project

1992

January 17, 1992

Tsesnabank registered with the National Bank of Kazakhstan