AsiaCredit Bank (Kazakhstan) says it received notice of possible sanctions against bank

/KASE, January 30, 13/ - JSC "AsiaCredit Bank" (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE "of Written warning # 661/247/111 received from the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (hereinafter - the Agency) dated January 15, 2013 (received on January 17, 2013, incoming No. # 203) of a possibility of applying sanctions against the bank stipulated by article 47 of the Act of the Republic of Kazakhstan "On banks and banking operations in the Republic of Kazakhstan" in case of a repeated violation of the deadline for submitting of statements according to item 2 of the Rules of Submitting Statements on Meeting the Prudential Norms by Second-tier Banks, approved by the Agency's resolution # 136 dated June 17, 2006". [2013-01-30]