Bank of Astana adds KZT2.0 bn to authorized capital through placement of common shares KZ1C56630011 (KZ1С00001023, ABBN)

/KASE, June 9, 2017/ – Bank of Astana (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following statement of June 9, 2017: quote Bank of Astana (Bank of Astana) announces a KZT2 bn increase in the authorized capital through the placement of common shares of the Bank. The shareholders exercised their pre-emptive right to purchase these shares. The Tier 1 capital increase was planned within the framework of the Bank's development strategy to improve the capital adequacy and its resistance to the risk absorption. The shareholders’ decision was dictated by their desire to support the growth of the Bank's business at a high level and synchronize levels of the growing assets and capital in accordance with the requirements of the regulator and international rating agencies. Given the large-scale plans of Bank of Astana to offer common shares to public investors through an IPO, the strengthening of the Bank's capitalization indicators will positively affect the investment attractiveness of these shares as a highly reliable instrument. As of July 9, 2017, the authorized capital of the Bank is KZT29,623,748 th., shareholders’ capital is KZT40.7 bn. The total number of the Bank’s common shares being placed increased to 31,472,931. Contacts for more information: Tel .: +7 (727) 259 60 60 (ext.12045) E-mail: o_izteleuov@bankastana.kz unquote [2017-06-09]