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]