Eldar Sarsenov became a major shareholder of JSC Nurbank by acquiring a 100% stake in JP Finance Group, which is the majority shareholder of the bank. The press service of Nurbank reported this to the business information center Kapital.kz.
It was previously reported that Eldar Sarsenov received permission to acquire the status of a major (indirect) shareholder from the Agency for Regulation and Development of the Financial Market. As of today, all necessary procedures related to the change of shareholder have been completed.
Thus, Eldar Sarsenov is leaving the position of chairman of the board of JSC Nurbank but remains a member of the board of directors, the financial institution clarified.
“In recent years, a professional team has formed at Nurbank, with whom we worked on the bank's development. Important changes occurring now pose new challenges for Nurbank, which is part of a large financial holding. This will be taken into account in the development of our new products using modern technologies, and in the development strategy, where one of the main priorities is the formation of a universal financial and credit institution with a high level of customer service. We plan to expand our loan and deposit portfolios and improve their quality,” commented Eldar Sarsenov.
Note that along with JSC Nurbank, the LLP JP Finance Group includes JSC Money Experts, LLP Nur Leasing Company, and LLP OUSA NB.
Eldar Sarsenov is also a major shareholder of the insurance company Victoria.
Eldar Sarsenov graduated from Suffolk University (Boston, USA) with a degree of Bachelor of Business Administration, and Northeastern University (Boston, USA) with a qualification of Master of Business Administration. He has international experience in marketing and management. Before assuming the position of chairman of the board of Nurbank in 2015, he held the position of managing director for three years, overseeing the card business, information technology, marketing, personnel development, advertising, and service quality. Over the years, he has led marketing at the Swiss watch company TAG Heuer (USA), rising from assistant marketing manager to deputy director of sales and marketing at the gas station network LLP Helios.
