NATIONAL BANK OF KAZAKHSTAN TO DECREASE NORMS OF MINIMAL RESERVE REQUIREMENTS BY 1%

/KASE, June 25, 2008/ - National Bank of Kazakhstan republic disseminated today press release, which informs on changing norms of minimal reserve requirements for second level banks: Quotation start With aims to regulate short term liquidity of second level banks, the Board of National bank of Republic of Kazakhstan has changed the norms of minimal reserve requirements. New norms on level of 5% on internal liabilities and 7% on other liabilities are introduced instead of current norms in amount of 6% on internal liabilities and 8% on other liabilities. In compliance with current Legislation, norms of minimal reserve requirements will come into effect not earlier than in a month after decision accepted. Respectively, new norms will come into effect since July 29, 2008. Decreasing of norms of minimal reserve requirements will allow banks to release about KZT90 bn. Released assets may be directed to supporting of credit activity of the banks. Introducing of new norms abolishes norms of minimal reserve requirements on level of 5% on internal liabilities and 10% on other liabilities coming into effect since July 1, 2008. Quotation end [2008-06-25]