Kazkommertsbank (QAZKOM) is one of the largest financial institutions of the Central Asia and the biggest private bank in Kazakhstan according to its assets (4 752 billion tenge as at 31 March 2017). The bank was founded in 1990 as Medeu Bank and renamed and re-registrated in 1991.
Major shareholder of Kazkommertsbank is Halyk Bank of Kazakhstan since July 2017.
The group of Kazkommertsbank includes the subsidiary companies specializing in management of financial assets, insurance and rendering broker services. Also QAZKOM has subsidiary banks in Russia (JSC CB Moskommertsbank) and Tajikistan (CJSC Kazkommertsbank Tajikistan).
As a result of integration with JSC "BTA Bank" in 2014-2015 QAZKOM significantly expanded geography of servicing and now has the extensive branch network numbering 227 branches in all regions of the country.
Being universal bank, QAZKOM offers a wide range of banking services to enterprise and retail customers, and also representatives of small and medium business. The bank provides to the medium-sized and large companies trade and project financing, financing of investment projects, asset management, short-term lending. Also the bank is engaged in the organization of syndicated loans for the major enterprise customers in Kazakhstan and provides financing to large enterprise customers in Russia and Kyrgyzstan. Being one of the main participants of the security market and the foreign exchange market of Kazakhstan, the bank provides services of management of money resources, including currency and conversion transactions, transactions in the money markets, transactions with securities. According to the general banking license, the bank has the right to carry out transactions (sale, purchase and storage) with valuable metals, including gold and silver. Since 2001 the bank provides to the enterprise and retail customers trust services, mainly, trust management of a money and assets.
The product line of bank for retail clients, in addition to acceptance of deposits and loan granting, includes servicing of current accounts of clients, acceptance of payments, implementation of money transfers and many other services.
Special attention is paid to customer service with use of bank cards. As at 1st July 2017 about 3 million cards emitted (issued) by bank were in circulation. Kazkommertsbank issues cards of payment systems Visa, MasterCard, Union Pay and is the unique bank in Kazakhstan issuing the American Express cards (Rewards Card, Blue, Gold Credit Card, Platinum Credit Card, Corporate Card), nominated in tenge, euro and US dollars. Besides, Kazkommertsbank was the first bank in Kazakhstan that changed to the smart cards combining a magnetic tape and the chip and the first bank in the CIS and Eastern Europe which offered to its clients release and servicing of credit bonus cards – Go! Card with function.
The high quality of the bank card service allows to provide advanced technological infrastructure QAZKOM, which includes an extensive network of ATMs. As at 1st July, the number was 2.3 thousand units, of which have a function of receiving the money (cash-in) - 465 pieces. In addition, the bank processing center serves 250 Internet kiosks, about 50 thousand. Of POS-terminals in trade and service enterprises, including 9 thousand pieces from the bonus program partners.
At the same time Kazkommertsbank is a leader in remote banking market. At present, the number of registered users of the financial portal for individuals Homebank.kz exceeded 1.2 mln. Among them not only Kazkommertsbank customers but also the owners of payment cards of "Kazinvestbank" JSC, "Citibank Kazakhstan" JSC and "Kazpost" JSC. Today with the help of Homebank.kz can be carried out basic banking transactions as well as to pay more than 1 000 different services. For July 2017 the mobile application of the financial portal Homebank.kz has been downloaded by about 700 000 users on their smartphones. In addition, about 20 000 companies are users of a similar portal for legal entities Onlinebank.kz.
In order to ensure the highest security of bank cards service for payments on the Internet, Kazkommertsbank initiated and the first fully completed the transition process to the most advanced and reliable technology 3-D Secure (Verified by Visa) and similar to it MasterCard SecureCode secure communication links.