Subsidiary bank Home Credit and Finance Bank says restricted enforcement measures were applied to it

18.04.14 16:02
/KASE, April 18, 14/ – Subsidiary bank "Home Credit and Finance Bank" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote SB "Bank Home and Credit" (hereinafter – the Bank) says the National Bank of Kazakhstan (hereinafter – the Regulator) applied to the Bank restricted enforcement measures: 1. Date and number of resolutions or written requirements of the Regulator on imposing sanctions and (or) restricted enforcement measures: - written warning No.66-3-2-09/595 of February 7, 2014; - obligation letter No. 66-6-2-10/444 February 20, 2014. 2. Nature of violations: - provision of incorrect data in statements sent under the Rules of reporting on fulfillment of prudential norms by second-tier banks, approved by resolution No. 136 of Management Board of the Agency of еhe Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of June 17, 2006; - non-provision of provision in insufficient volume of documents and data under a scheduled selective check of the bank operations conducted by the Committee on Control and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan. unquote [2014-04-18]