/IRBIS, December 29, 2011/ - Due to wide discussion in the media of message of "BTA Bank" to the shareholders and holders of GDR, the Bank offers commentary of Chairman of the Board Saidenov A.G. on a number of frequently asked questions, was stated in the message released today.

As stated in the report, the planned restructuring of the bank - change of the conditions for securities issued in the restructuring, completed in 2010. Therefore, this process does not affect the current operating activities of the BTA.

"The Bank continues to maintain deposits in accordance with signed agreements. Bank customers can make an additional amount on deposit, make a partial withdrawal, as well as opening and closing of deposits at any bank in the usual way. The planned restructuring of the bank has nothing to do with interests of clients - individuals and legal entities, a position supported by the "SK", and the National Bank of RK", - was said in the commentary.

As noted, the Bank continues to maintain standard banking activities - customer service, make payments and transfers, make loans, accept deposits in normal mode.

"In this case, the point is BTA commitments to its creditors, namely, the scheduled payments of interest on the bonds. The bank is not abandoning its obligations to creditors and offer to discuss the new terms of debt and debt service. Thus, such information about the possible non-payment Coupon must be considered in the context of the restructuring initiated", - was said in the commentary to the question of whether Bank will meet its obligations.

"The need for the restructuring of BTA Bank is supported by National Bank and the controlling shareholder - JSC "Sovereign Wealth Fund "SK". In reaching compromise all parties are interested - the state, the bank and its creditors. We continue to maintain the position that any agreed restructuring plan is the most acceptable scenario of all possible", - was stated in the message.

[2011-12-29]