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11.10.2017 14:13 #press releases

Bank RBK announces developing set of measures to strengthen financial stability

/KASE, October 11, 2017/ – Bank RBK (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of October 11, 2017:

quote

Bank RBK (hereinafter – the Bank), taking into account speculations on the market over the institution's financial stability, hereby informs you that the Bank has been preparing a set of measures aimed at strengthening the Bank's financial stability.

This set of measures includes increasing the financial institution's capitalization, securing additional liquidity, improving the business model and working with bad loans.

Vladimir Kim, one of the Bank's shareholders, has initiated negotiations with other shareholders, the National Bank of Republic of Kazakhstan and Kazakhstan's government in order to develop a set of measures. Vladimir Kim has been negotiating terms of the Bank's recapitalization as part of the partnership of state and businesses.

Contacts for media: Press service of Bank RBK Tel. +7(727) 330-90-30, ext. 1518 shen_v@bankrbk.kz akhremushkin_v@bankrbk.kz www.bankrbk.kz

unquote

[2017-10-11]