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]