Changes in Management Board of DBK-Leasing, a subsidiary of Development Bank of Kazakhstan

/KASE, August 25, 11/ - DBK-Leasing, a subsidiary of joint stock company Development Bank of Kazakhstan (Astana), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that on August 22, 2011 its Board of Directors took the following decisions: quote ... on early termination of powers of Managing Directors - members of DBK-Leasing's Management Board, Erlan Ospanov and Rustam Karagoishin, and appointment of Managing Directors - members of DBK-Leasing's Management Board, Zhannat Myrzabekov, effective from August 24, 2011, and Bakhyt Chukulov, from August 23, 2011. At the same time, on August 22, 2011 the Board of Directors took a decision on making major non-arm's length deals by DBK-Leasing by raising KZT30 bn through two loans. unquote [2011-08-25]