Tengri Bank announces increasing share capital by KZT4.1 bn

13.03.19, 10:21
/KASE, March 13, 2019/ – Tengri Bank (Almaty), whose securities are officially 
listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the 
following:

quote

JSC "Tengri Bank" increased the number of its shareholders thanks to the 
foreign business professionals investing in the economics of Kazakhstan.

Previously the Bank Board of Directors has taken the decision on placing of 
shares by subscription among public investors.  The offering price per one 
share was 1 050 tenge.

Four foreign companies toped up the share capital of Joint Stock Company 
"Tengri Bank". During the period from November 2018 to February 2019 the 
Bank has placed 3 894 500 ordinary shares.

Therefore, the share capital of the Bank increased by 4 089 225 000 tenge.

In November 2018, the international rating agency Moody's Investors Service 
Ltd assigned Joint Stock Company "Tengri Bank" the long-term ratings in 
national and foreign currency deposits  B2 with long-term prospects. This rating
reflects the agency's opinion on the ability of the assessed institution to meet
its  financial obligations.

For additional information, please contact:
JSC "Tengri Bank"

+7 727 244 34 34

unquote

[2019-03-13]