ForteBank announces appointment of Guram Andronikashvili as bank's chairman of board

/KASE, February 12, 2018/ – ForteBank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the press release, which states as follows: quote By the decision of the Board of Directors of ForteBank dated February 9, 2018 powers of Magzhan Auezov as chairman of the Bank’s Management Board are terminated due to the proposal of his candidacy to the post of a member of the Board of Directors with subsequent nomination to the post of the chairman of the Board of Directors. The Bank's Board of Directors has appointed Guram Andronikashvili the chairman of the Management Board of ForteBank JSC, who previously held position of the first deputy chairman of the Board. Zhumabek Mamut, who had previously held the position of a deputy chairman of the Management Board of Bank Kassa Nova JSC, is appointed deputy chairman of the Management Board of ForteBank JSC. “In one year, Magzhan Auezov has fulfilled tasks set before him and has brought ForteBank in the list of top 5 banks in the country. At the next stage, he, with his deep knowledge of the financial sector, will focus on the strategic objectives of the Bank in his new role on the Board of Directors. The appointment of Guram Andronikashvili as chairman of the Management Board is based on his extensive experience in international financial institutions and active participation in the Bank's development since its inception. His task is to continue dynamic development of ForteBank as a leader of the banking sector of Kazakhstan", commented Bulat Utemuratov, majority shareholder of ForteBank, on the appointments. General information about the Bank ForteBank JSC is one of the largest banks in Kazakhstan established in 2015 as a result of the merger of Alliance Bank JSC, Temirbank JSC and ForteBank JSC. The bank is represented in all regions and cities of the country by 19,102 branches and offices as well as extensive terminal and acquiring network of more than 850 ATMs and about 10 000 POS-terminals in trade and service companies. Over 3,500 specialists work in the bank. Contacts: Press service Elvira Peltola +7 (7172) 59 99 99 (ext. 10868) +7 705 719 55 95 E-mail: epeltola@fortebank.com unquote [2018-02-12]