Subsidiary Organization VTB Bank (Kazakhstan) appointed agent bank for payment of quarantee reimbursement on deposits of individuals and self-employed entrepreneurs in Qazaq Banki

13.12.18, 11:57
/KASE, December 13, 2018/ – Subsidiary Organization VTB Bank (Kazakhstan) (Almaty, hereinafter in the quotes, the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote Based upon the results of the tender conducted by the Kazakhstan Deposit Insurance Fund [KDIF], Bank VTB (Kazakhstan) is appointed agent bank for payment of quarantee reimbursement on deposits of individuals and self-employed entrepreneurs in the Qazaq Banki, which is being liquidated involuntarily. "According to the effective legislation, in such situations, the bank agent can be a financial institution with a stable financial position, which has not violated prudential standards and has a wide branch network and the infrastructure that allows to serve customers across the nation. We are grateful to KDIF for the confidence bestowed upon us", Dmitriy Zabello, chairman of board of VTB Bank (Kazakhstan) says. unquote More details are available on KASE website – - http://kase.kz/files/emitters/BVTB/bvtb_reliz_131218_kz.pdf – in Kazakh; - http://kase.kz/files/emitters/BVTB/bvtb_reliz_131218.pdf – in Russian. [2018-12-13]