Sole shareholder of Subsidiary Bank Alfa-Bank approves its financial statements and net income distribution procedure for 2019

15.05.20 18:00
/KASE, May 15, 2020/ – Subsidiary Bank Alfa-Bank (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), notified KASE of the decisions of its sole shareholder of May 13, 2020: - to approve annual financial statements of the bank for 2019; to take notice of the auditor’s report to annual financial statements; - to approve the following procedure for distribution of the bank’s net income for 2019: - not to pay dividends on ordinary shares of the bank for 2019; - to allocate the bank’s net income for 2019 to net retained earnings of previous years; - to take notice of the fact of absence of shareholders’ petitions related to the actions of the company and its executives in 2019; - to take notice of the information on the amount and the makeup of remuneration to members of the Board of Directors and members of the Management Board of the bank. This information is available (in Kazakh and Russian) at – https://kase.kz/files/emitters/ALBN/albn_decision_sole_shareholder_130520_11025.pdf [2020-05-15]