Tengri Bank reports temporary restrictions on debit transactions

/KASE, April 22, 2020/ – Tengri Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided information statements to KASE: According to the information provided, from April 14, 2020, Tengri Bank has imposed temporary restrictions in the form of cumulative daily limit in the amount of KZT50,000 per day on debit transactions issued by the bank. Tengri Bank also informs about temporary restrictions in Tengri+ mobile banking for individuals: 1. From April 9, 2020, foreign exchange transactions using bank accounts are temporarily suspended. 2. From April 10, 2020, a temporary restriction in the form of suspension of payments from the population to the benefit of Beeline mobile operator has been introduced. 3. From April 14, 2020, a temporary restriction is introduced in the form of a cumulative daily limit on transactions related to transfers to bank accounts and debit cards opened in other second-tier banks of the Republic of Kazakhstan - in the amount of KZT20,000 per day. According to Tengri Bank’s information, "from April 14, 2020, in order to comply with the Decree of the President of the Republic of Kazakhstan No. 285 dated March 15, 2020 "On the imposition of a state of emergency in the Republic of Kazakhstan" and executive directives of authorized state bodies of the Republic of Kazakhstan, the services for transfer and payment of transfers under the payment systems "Golden Crown" and "Western Union" are temporarily suspended." [2020-04-22]