Halyk Savings Bank of Kazakhstan has granted KASE information concerning important events in bank's life for the last two months

/IRBIS, Nov.05, 99/ - Halyk Savings Bank of Kazakhstan (HSBK) (Almaty, official list of securities, "A" category) has granted to the Kazakhstan Stock Exchange (KASE) the information on the important events in the bank' life for the last two months. September 16-17, 1999 in Dakar (Senegal) the General Assembly of World Savings Banks Institute was held. At this meeting HSBK was unanimously accepted in its members. World Savings Banks Institute units 107 organizations from 85 countries, promotes their cooperation and development. May 07 of the current year the bank has received the National Bank of Republic of Kazakhstan sanction, and October 14 - 6 years license from the National Bank of Peoples Republic of China for opening of the representation in Peking. Now the representation is registered. Nguen Robert was appointed as the head of the representation. According to the Chinese legislation in 2 years the representation can be reorganized in active branch with the status of the legal person. October 21 the agreement with the British company Money Gram Payment System was signed. It adopted HSBK inclusion in the system of the natural persons future settlements without the settlement account opening. The partners' charges shares are 50%. The HSBK share in the commissions incomes received under the agreement, makes 22%, at the payment in Kazakhstan - 20%. The system will begin to function since November, 1999. Opening of more than 180 points of MoneyGram services for the cash electronic transfer is planned in Kazakhstan. October 26 HSBK signed the framework agreement with German Commerzbank AG on the sum of 25 million marks (13 million Euro). These means are directed to purchase of the German equipment under insurance cover of export-credit agency "Hermes". Besides October 29 the extraordinary General Meeting of the HSBK shareholders was held. The most important decisions are: - About modification and additions in the bank's By-law; - About increase of the bank authorized capital trough registration of the fourth additional issue of 6,031,666 simple registered stocks of 100.00 tenge nominal value on the sum of 603,166,600; - About shares of the fourth issue placement; - About adviser for sale of a part of the state block of shares; - About conditions of the bonds issue.