Russian LUKOIL sold its 70% share in BANK CASPIAN CJSC (Kazakhstan)

15.01.02 00:00
/IRBIS, Jan 15, 02/ - Today BANK CASPIAN OJSC (Almaty) bonds of which are traded in official list of KASE securities under category "A" distributed the report in which it is said about significant changes in the owners' structure of the bank that took place in December 2001. According to the information presented by the bank, Russian LUKOIL company which controlled through its subsidiaries about 705 of share capital of the bank sold all share of participation in the bank to the consortium of investors, which includes Corporation Kazakhmys OJSC (Zhezkazgan), Russian Sibakadembank and a group of Kazakhstan companies. More precise information about shareholders is not given. According to the extract from holders register, as of April 01,2001 (IRBIs agency has no yet more recent information) general number of holders of BANK CASPIAN OJSC common stocks was 4,807, privileged shares - 2,344. Share exceeding 5% of paid authorized capital belonged to: Petrocomerc Kazakhstan CJSC (Almaty) - 20.9%; Leasing center-Astana LLP (Almaty) - 20.6; Kazakhstan Fuel Company LLP (Astana) - 17.7%; Ayaks LLP (Almaty) - 17.5%. KASE informed previously that extraordinary meeting of BANK CASPIAN OJSC shareholders is going to take place on February 14,2002, the agenda of which includes issues concerning before the appointed time cancellation of power of the Board of Directors members of the bank, determination of qualitative composition and election of new Board of Directors. Holding of such meeting is directly connected with the change of the owners of BANK CASPIAN OJSC. Besides, the bank informed the exchange about change of supervision: Igor Vladimirovich Kim was appointed as the Chairman of the Board, Aleksei Aleksandrovich Mironov - as the first deputy of the Board Chairman. In the report of the bank distributed today it is said that the reason for realization of LUKOIL share of BANK CASPIAN OJSC is that bank assets for the oil company are not profile. Besides, LUKOIL company does not have inn Kazakhstan enough amount of own projects for their servicing in a specialized bank. Based on bank's information, the consortium of found investors poses new problems for BANK CASPIAN OJSC on business expansion. "New clients - largest Kazakhstan companies - will come to the bank, bank technologies and service quality will be improved, BANK CASPIAN will increase its size of assets and owners' equity and in the result will take the more meaningful place among Kazakhstan banks", is said in the report.