Capital Bank Kazakhstan informed on current situation in the bank

/KASE, February 14, 2018/ – Capital Bank Kazakhstan (Almaty), a member of the Kazakhstan Stock Exchange (KASE), provided KASE with the press-release, which states as follows: quote Shareholder of the Capital Bank Kazakhstan JSC reinforces the support of the Bank In 2017, troubled circumstances have formed in Kazakhstan’s banking sector. Liquidation of KazInvestBank JSC and DeltaBank JSC has fostered pessimistic mood among bank depositors that has led to an outflow of deposits in public and private sector from small-sized banks. The Capital Bank Kazakhstan JSC is no exception in this process. However, thanks to the active measures taken at that time by the Shareholder and the Bank's management, the Bank managed to ensure an adequate level of liquidity, to timely and fully meet the requirements of clients and partners and to meet regulator’s requirements. The only shareholder of Capital Bank Kazakhstan JSC Orifdzhan Shodiev (he is included in the rating of top 50 richest businessmen in Kazakhstan according to Forbes) is ready to continue to provide all necessary support to the Bank. For instance, in response to the action of S&P rating agency in relation to the Bank's rating, the Shareholder and the Bank’s management made the following decisions on February 9, 2018 in order to strengthen and support the Bank: - The Shareholder of the Bank will invest additional funds to the Bank in the form of a long-term deposit in the quantity sufficient to ensure full and timely payments to customers and partners, in full conformity with the requirements of the regulator and will take all the necessary additional measures to ensure liquidity. - The Bank's management will intensify work with borrowers to ensure timely repayment of debt under loan schedules and prevent deterioration of the quality of assets. - The Bank's management will meet major corporate depositors to ensure stable and diversified funding base. - The Bank will enhance its management team with experts that have extensive experience in local and international markets. By the end of March, the management will develop new strategy of self-sustainable development, integral part of which will be the diversification of business through attracting new customers from the market and development of retail business based on digital banking, the improvement of the work of the Collection Department, cost optimisation, improvement of quality of services and development of sales channels and much more. These and other measures would enable the Bank to stabilize and improve key performance indicators affecting the Bank's ratings. All branches and channels of the Bank operate in a normal course, banking services are provided in full. "The Bank was and remains an important asset for me, as the Shareholder, and I am ready to provide all necessary support to the Bank at any time. I want to thank our customers and partners for their confidence! I and the management of the Bank will continue to exert every effort to improve ratings, provide better service and continue mutually beneficial cooperation!", Orifdzhan Shodiev said. unquote [2018-02-14]