Tengri Bank will continue meet all financial obligations on time and in full

/KASE, April 27, 2020/ – Tengri Bank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of April 25, 2020: quote The major shareholder of Tengri Bank JSC (hereinafter – the Bank) Punjab National Bank decided to ensure its liquidity and support the Bank in its operating activities. The Bank will continue to timely and fully comply with all financial obligations. Under the agreement, the Bank has already received the first tranche through a credit line. Thus, the requirement of the Agency of the Republic of Kazakhstan on regulation and development of the financial market on providing the Bank with liquidity in volumes sufficient to comply with prudential standards, the smooth execution of payments and money transfers of customers will be fulfilled. A decision on the volume of capitalization and increase in the portion of shares will be made following the results of the preparation by a consulting agency of the Big Four of a plan to stabilize the Bank's activities. Currently, a consulting agency is working in this direction. Within two weeks, the Bank plans to resume its operations, and will continue to make payments and transfers, ensuring the continuity of all processes in the standard mode. Removing all limits on cards will be made in the next 2-3 days. We invite all customers to cooperate and express our gratitude for the support. unquote [2020-04-27]