Main results of general shareholders meeting of AMB OJSC (Kazakhstan)

/IRBIS, May 20, 02/ - Last Friday AMB OJSC (Almaty), whose shares are quoted today at Kazakhstan Stock Exchange's (KASE) official "A" listing provided IRBIS with a press-release devoted to the main results of the bank's general annual shareholders meeting which was held on May 17 in Almaty. In accordance with the provided information the shareholders have approved: - the bank's annual financial statement for 2001 and conclusion of the bank's auditor for 2001; major financial indicators by the end of the year were approved in the amount of: assets - KZT39,227.3m, shareholders' equity - KZT4,457.3m, profit - KZT788.7m; - increase of the bank's announced authorized capital by means of the eighth issue of common inscribed shares in the amount of KZT402.4m; - decision about reorganization of AMB OJSC by means of joining Bank Apogey OJSC. Besides, amount and order of dividends payment on the results of 2001 were approved at the meeting. It's been decided to pay dividends in the amount of KZT166.55 per one common share and one preference share whose face value is KZT1,000.0. Calculated annual effective rate on dividends for privileged shares increased as the result KZT30%. According to the bank's information such a rate was based on the fact that privileged shares floatation was made in the middle of the year whereas the amount of paid dividends did not change in absolute terms. One of the questions, which were discussed and approved at the annual meeting, was the bank's name unification in the State language, Russian and English. According to the taken decision the bank will be called as АТФ Банк in the State language and in Russian, ATF Bank - in English. Full materials of the meeting were not received by KASE yet. [2002-05-20]