Joint Stock Company Bank CenterCredit (KAS:CCBN) agreed to acquire JSC SB Alfa-Bank Kazakhstan from Joint Stock Company Alfa-Bank on April 21, 2022. Once the deal is legally finalized, the Joint Stock Company Bank CenterCredit bank will rebrand the JSC SB Alfa-Bank Kazakhstan. The transaction has been approved by The Kazakh Agency for Regulation and Development of the Financial Market.

Joint Stock Company Bank CenterCredit (KAS:CCBN) completed the acquisition of JSC SB Alfa-Bank Kazakhstan from Joint Stock Company Alfa-Bank on May 6, 2022. Galim Khusainov has resigned as Chairman of the Executive Board. Ruslan Vladimirov, who previously headed ECO Center Bank, has been appointed the bank's new Chief Executive Officer.