Qazaq Banki says shareholders earmarked KZT60 bn for bank development

/KASE, November 3, 2017/ – Qazaq Banki (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of November 3, 2017: quote Due to some groundless rumors about Qazaq Banki's financial standing amid the situation in Bank RBK, Qazaq Banki informs you about the following. As it is known, Qazaq Banki shareholders quit merger talks with Bank RBK, and the technical side of the announced transaction failed. The Bank continues as an independent financial institution. Shareholders of Qazaq Banki in July-August recapitalized the bank by further KZT5.4 bn, and they are ready to support it with a special fund worth KZT60 bn. Currently, Qazaq Banki fully meets all obligations towards its clients and observes prudential norms of Kazakhstan's National Bank. The financial institution's rating from S&P remains at "В-" since 2014. As of 01.10.2017 the Bank's assets were worth KZT451 bn, with the loan portfolio reaching KZT348 bn. Liabilities made KZT405 bn. The equity was at KZT46 bn, including the shareholder capital of KZT39 bn. The financial result over 9 months of 2017 made up KZT1,462 mln. PR-service of Qazaq Banki: Andrei Yegorin +7 (727) 380 39 51 (ext. 00728) +7 777 773 1099 A_yegorin@qazaqbanki.kz unquote [2017-11-03]