Effective from December 19 Subsidiary Bank RBS (Kazakhstan) quits agreement on forming KazPrime, Kazakhstan interbank deposit indicator

14.12.12 11:37
/KASE, December 14, 12/ - Kazakhstan Stock Exchange (KASE) announces that as of December 19, 2012 JSC "Subsidiary Bank "RBS (Kazakhstan)" (Almaty) quits the Agreement on forming the indicator of Kazakhstan interbank deposits KazPrime dated March 27, 2007 (hereinafter - the Agreement). On December 11, 2012 JSC "Subsidiary Bank "RBS (Kazakhstan)" provided to KASE an application for voluntary quitting the Agreement. Indicator KazPrime reflects the average value of rates for placing money (Kazakhstan tenge) in deposits of the inter-bank market among banks of the best credit quality for Kazakhstan. Calculation of the indicator is made by KASE on a daily basis based on quotations submitted by Agreement participants to KASE trading system from 10:00 to 11:30 (Almaty time). Each quotation includes the rate for raising and placing money in the deposit at one of the Agreement participants, as well as volumes of placement and raising of money. The minimum volume of quotation - KZT150 m. Participants of the Agreement are now JSC "Halyk Savings Bank of Kazakhstan", JSC "ATFBank", JSC "Kazkommertsbank", JSC "Bank CenterCredit", JSC "Eurasian Bank". Actual value of the indicator and archive data are available at http://www.kase.kz/en/kazprime Information about the indicator is available in Bloomberg - KAZPRIME Index. [2012-12-14]