OREANDA-NEWS. July 29, 2014. JSC Kazkommertsbank (“KKB” or the “Bank”) (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, announces that it has created KUSA KKB-3 Ltd, a wholly-owned subsidiary of the Bank.

The subsidiary will be purchasing loss-making assets of the Bank.

KUSA KKB-3 will be managing residential and commercial real estate assets repossessed from non-performing retail loans and from SME borrowers, who did not meet their loan obligations with the Bank.