BANK CASPIAN OJSC (Kazakhstan) informed about borrowing of subordinate loan in the amount of $5.0 m

/KASE, November 7, 02/ - BANK CASPIAN OJSC (Almaty), whose shares and bonds are circulating under Kazakhstan stock exchange's (KASE) official "А" listing category, informed the stock exchange about the fact that on October 30 of 2002 the bank borrowed subordinated loan for the term of 7 years in the amount of $5.0 m. More detailed data about parameters of the loan and its participants is not informed. According to the bank's information the borrowing is meant for increasing of capital base of BANK CASPIAN OJSC due to increase of volume of borrowing and offering of resources. [2002-11-07]