Halyk Bank Kazakhstan to keep year-2000 dividends undistributed

/KASE, Sept 28, 01/ - Halyk Bank Kazakhstan (Almaty) submitted to KASE the copy of minutes of Annual General Meeting of shareholders which took place on July 30, 2001. According to the approved agenda the bank's shareholders listened to Board's report for 2000, approved annual financial statements and report of Inspection commission. Shareholders decided to keep dividends for year 2000 undistributed. Net income of KZT230.3m and undistributed income of past periods (KZT109.3m) will directed to formation of the reserve capital. Shareholders also canceled authority of the Board of Directors (7 members) and elected a new one (9 members): - Abdullina N.K. - deputy chairman of the National Bank Kazakhstan; - Abuov M.G. - general director of Delta LLP; - Dosayev E.A. - vice-minister of finance; - Moldakhmetov N.S. - chairman of Kazakhinstrakh company; - Rakhanov M.S. - the head of State Property and Privatization Committee of the Republic of Kazakhstan; - Saidenov A.G. - Chairman of Halyk Bank Kazakhstan - Sindonis I.V. - managing director of Almaty Merchant Bank OJSC - Smagulov K.M. - first deputy chairman of the Prime Minister's Officel. The shareholders canceled authority of the Inspection Commission (5 members) and elected a new one (3 members): Zhakezhanov M.U. - head of the Internal Audit Department of Halyk Bank Kazakhstan Sadykova A.Sh. - head inspector of the Financial Control Committee of the Ministry of Finance. Danilova L.N. - head accountant of Almaty Commercial Bank OJSC. The chairman of Halyk Bank Kazakhstan, Mr. Saidenov reported that consolidated financial statement of the bank for year 2000 included statements of 14 regional, 2 sub-regional and 162 district offices with 579 cash departments. The bank has recorded growth in all main indicators. Balance increased by KZT46.1bn or 81% which was stipulated by increase of attracted funds, including clients' deposits and issue of subordinated bonds (7 years to maturity). The bank's .liabilities increased by KZT44.0bn or 85.6%, shareholder's capital - KZT2.1bn or 36.2%.