Temirbank announced voluntary reorganization in form of consolidation with Alliance Bank and ForteBank

/KASE, January 8, 15/ – Temirbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote In accordance with requirements of Kazakhstan's legislation joint-stock company "Alliance Bank" (hereinafter – the "Bank") (license No. 250 of December 26 2007, issued by the Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Market and Financial Organizations, BIN 990740000683, location: 50 Furmanov str., Almaty, Republic of Kazakhstan) notifies its creditors of a voluntary re-organization in form of consolidation with Temirbank JSC (Temirbank) (license No.107 of July 16, 2010, issued by the Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Market and Financial Organizations, BIN 920340000031, location: 68/74 Abai avenue, Bostandyk district, Almaty 050008, Republic of Kazakhstan) and ForteBank JSC (hereinafter – ForteBank) (license No.1.1.256 of April 28, 2012 issued by the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan, BIN 0709940006465, location: 192 Dostyk avenue, Almaty 050051, Republic of Kazakhstan), (hereinafter – "Consolidation"). A decision on the Consolidation was taken on November 10, 2014 by an extraordinary general meeting of shareholders of the Bank, Temirbank and ForteBank (Minutes of November 10, 2014). On the same day an Agreement to Consolidate with Temir Bank and an Agreement to Consolidate with ForteBank were signed. On November 26, 2014, the Bank received approval of the Committee on Regulation of Natural Monopolies and Protection of Competition of the Ministry of National Economy of the Republic of Kazakhstan for the Consolidation. On December 10, 2014, the Bank received authorization from the National Bank of Kazakhstan the Consolidation. On January 1, 2015 Chairmen of the Management Boards and Chief Accountants of the Bank, Temirbank and ForteBank signed the transfer acts according to which all property including receivables and liabilities of Temirbank and ForteBank were transferred to the Bank. The Bank's creditors have a right to get acquainted with the signed transfer acts on January 12, 2015 from 10:00 o'clock to 18:00 o'clock Almaty time, at the following address: 50 Furmanov st., Almaty, Republic of Kazakhstan. Familiarization with the signed transfer acts shall be carried out in the presence of a representative of the Bank and upon checking identification documents, powers of attorney (in case the person is a representative of the creditors of the Bank), as well as documents proving that the person wishing to inspect the said transfer acts is the creditor of the Bank. In reading the transfer acts no photo or video is allowed. For any inquires dial: +7 727 258 40 40 (ext. 52016, 52727) unquote [2015-01-08]