Bank CenterCredit (BCC) has announced its intention to buy back 6.8 million of its own common shares for a total of 30 billion tenge. The repurchase price is set below current market quotations, according to infohub.kz.
According to a document published on the website of the Financial Reporting Depository (DFO), the bank plans to acquire 6,819,732 securities (ISIN KZ0007786572) at a price of 4,399 tenge per share. The transactions will be conducted in non-cash form on the organized market of the Kazakhstan Stock Exchange (KASE) from September 10 to December 31, 2026.
The proposed price is lower than the market price: at the trading session on September 2, when the notice was published, BCC shares were worth 4,780 tenge each. Thus, the discount amounted to 381 tenge per share, or about 8%. If the bank had bought back the package at the market price, the deal would have cost 32.6 billion tenge, which is almost 2.6 billion tenge more.
The total cost of the buyback at 30 billion tenge is equivalent to 11.2% of BCC's net profit for 2025, which amounted to 268.3 billion tenge. The bank will take off the market about 3.9% of all outstanding shares (176,080,651 shares). As of now, out of 188 million issued securities, the financial institution has already bought back 11.9 million shares, so after the completion of the new program, the volume of the repurchased package will grow by more than 1.5 times.
The largest shareholders of Bank CenterCredit are Bakhytbek Baiseitov with a stake of 51.76% of common shares and Vladislav Li with 11.92%. Baiseitov ranks 13th in the list of the richest businessmen in Kazakhstan according to Forbes with a fortune of $858 million, and Li is in 52nd place with a capital of $197 million.
Earlier, Kursiv reported that BCC earned more than a quarter of a trillion tenge in 2025.