Subsidiary Organization JSC VTB Bank (Kazakhstan) announces May 26, 2011 decisions of its Board of Directors
01.06.11 11:23
/KASE, June 1, 11/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty,
hereinafter - the Bank), whose bonds are officially listed on Kazakhstan Stock
Exchange (KASE), has by an official letter informed KASE that on May 26, 2011
its Board of Directors took the following decisions:
quote
1. On taking note of the Management Board's Y2011 Q1 progress report on the
business plan.
2. On taking note of the Bank's managerial accounts for reporting periods.
3. On taking note of the Management Board's progress report on the action plan
designed in response to faults detected by the Bank's Internal Audit.
4. On creation of the Bank Board of Directors' Audit Committee, approval of the
relevant provision and defining its composition.
5. On approval of the Bank's revised organizational structure.
6. On approval of a transaction with a person related to the Bank by special
relationship.
7. On taking note of a report of the Bank's Internal Audit.
8. On approval of amendments and changes #6 to Rules "On general conditions
of carrying out transactions of Subsidiary Organization JSC VTB Bank
(Kazakhstan)".
9. On setting a total limit on securities issued by the National Bank of the
Republic of Kazakhstan and those issued by the Ministry of Finance of the
Republic of Kazakhstan.
10. On approval of the register of persons related to the Bank by special
relationship.
11. On setting up branches of SO JSC Bank VTB (Kazakhstan) in the cities of
Taldykorgan, Oral, KyzylOrda and Kokshetau.
12. On approval of the financing limit for an LLP of not more than
KZT998,113,500 (nine hundred ninety eight million one hundred thirteen
thousand and five hundred), which is equivalent to USD6,850,000 (six million
eight hundred fifty thousand).
unquote
[2011-06-01]