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06.12.2007 17:28

ABN AMRO opens the broker company on STF RFCA

/IRBIS, December 6, 07/ - Daughter Subsidiary Bank ABN AMRO Bank Kazakhstan had spread on December 5, 2007 the press-release with next contention:

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On November 29, 2007 ABN AMRO Securities Kazakhstan LLP was admitted to members of Kazakhstan stock exchange (KASE) under "A" category. Membership of given category gives the company right for participation in trades with all financial instruments, circulating on special trade floor of RFCA

ABN AMRO Securities Kazakhstan LLP is 100%-ge daughter company of ABN AMRO Bank N.V. created in the frames of RFCA and first broker company on RFCA, having the direct connection with leading international bank. Broker company will provide broker services to clients of ABN AMRO, interested in enclosing of deals on special trade floor of RFCA. Company will focus on provision of services to international financial organizations and current corporate clients of bank for organization and offering of bonds on rapidly developing local market, and also provision of services for initiating of listing of securities on Kazakhstan stock exchange. Company also will provide support to its colleagues from head office of ABN AMRO while offering of international issues of securities among Kazakhstan institutional investors. Company is aimed on provision of new innovative products in Kazakhstan, using longstanding experience of ABN AMRO.

Lola Kuvanysheva, General director of ABN AMRO Securities Kazakhstan LLP stressed: "Decision about creation of broker company was caused by want to satisfy growing interest of our clients to rapidly developing Kazakhstan economy as a whole and on the local and international levels. ABN AMRO is sure that provision of broker services in Kazakhstan will let ABN AMRO not only to widen products' line and range of services suggested to clients of bank, but also will promote the development of Kazakhstani financial market".

In case of questions please address to: Nataliya Kryuchkova, Head of corporate communications department, +7 727 2581505 (int. 10555), +7 701 323 00 14 Nataliya.Kryuchkova@kz.abnamro.com

Reference information:

ABN AMRO Securities Kazakhstan LLP is 100%-ge daughter company of ABN AMRO Bank N.V., founded on July 19, 2007 in the frames of regional financial center of Almaty (RFCA). On November 15, 2007 ABN AMRO Securities Kazakhstan LLP had accepted the license for conduction of broker-dealer operations from agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations. On November 30, 2007 ABN AMRO Securities Kazakhstan LLP was admitted to KASE's members under "A" category. Membership of given category gives the right for participation in trades will all financial instruments, circulated on special trade floor of Regional financial center of Almaty (RFCA).

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[2007-12-06]