National Bank suspends license of Bank of Astana for receipt of deposits from individuals and opening bank accounts for individuals until August 29, 2018 inclusive
29.05.18 18:01
KASE, May 29, 2018/ – The National Bank of the Republic of Kazakhstan (National
Bank) published the following press release on its website on May 29, 2018:
quote
The validity of license of the Bank of Astana (hereinafter, the Bank) for receipt
of deposits from individuals and opening bank accounts for individuals was
suspended by the Resolution of the Board of the National Bank of the Republic of
Kazakhstan No. 89 dated May 28, 2018 from May 29, 2018 until Augus 29, 2018
inclusive.
This decision was made by the National Bank as part of the supervisory response
measure for violation of the banking legislation requirements by the Bank on the
grounds provided for in sub-item c) of item 1 of Article 48 of the Law of the
Republic of Kazakhstan "On Banks and Banking Activities in the Republic of
Kazakhstan" for repeated (three times and more within twelve consecutive calendar
months) improper performance of contractual obligations on payment and remittance
operations.
The lisence is suspended in relation to attracting new deposits from individuals
and to opening new bank accounts for individuals and the suspension will not
affect existing deposits and clients of the Bank.
As at May 1, 2018, the volume of individuals’ deposits of the Bank amounts to
KZT53.0 bn. The share of the deposit portfolio of the Bank’s clients amounts to
0.6% of the total deposits of individuals in the banking system.
For more details media representatives may contact us by tel:
+7 (727) 704 585
e-mail: press@nationalbank.kz
www.nationalbank.kz
unquote
[2018-05-29]