/KASE, December 25, 2017/ – Qazaq Banki (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release:
quote
Qazaq Banki (hereinafter – the Bank) announces that on 22.12.2017 a scheduled
KZT8 bn increase was made in the Bank's equity.
"The increase in Qazaq Banki's equity is a response to more rigid capital
requirements due to changes in the prudential regulations of the National Bank
of Republic of Kazakhstan and coming into effect of the IFRS 9 in the new year, –
says Chairman of Management Board of Qazaq Banki Gani Toksanbaev, – the effected
recapitalization also ensures a sufficient financial reserve for the Bank's
further growth and improvement of its credit ratings".
As announced earlier, Qazaq Banki's shareholders set up a KZT60 bn fund to
ensure the stable operation of the financial institution and meet its liabilities
towards clients and partners. The Bank already received the first tranche of the
announced amount, the main part is expected in January 2018.
unquote
The full press release is available on KASE website –
http://www.kase.kz/files/emitters/SNBN/snbn_reliz_251217_1.docx
[2017-12-25]