Subsidiary Organization JSC VTB Bank (Kazakhstan) concludes non-arm's length deal

/KASE, November 21, 12/ - Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of having concluded on November 12, 2012 of a non-arm's length deal. The said letter reads as follows: quote ... main substantial terms of the deal: the document describes the procedure of interaction between the Processor and the Bank under the provision of inter-host connection. The inter-host connection provides for exchange of information between the Processor and Kazteleport, generated during card transactions carried out with regard to Bank Cards in acquiring networks of Connected Banks and those carried out with regard to Bank Cards in acquiring networks of the Bank, by way of routing through a communication channel. unquote [2012-11-21]