ATFBank Joint Stock Company was established in June 1995 when the National Bank of Kazakhstan registered Almaty Merchant Bank CJSC. The same year the National Bank of Kazakhstan issued to ATFBank general license No. 59 to conduct operations in Kazakhstan Tenge and foreign currencies, provided for by Kazakhstan bank legislation. In 2001, Almaty Merchant Bank Open Joint Stock Company was registered. ATFBank Open Joint Stock Company was registered in June 2002. In October 2003, the bank was transformed into ATFBank Joint Stock Company and re-registered.