/KASE, May 26, 2020/ – Nurbank (Almaty), whose securities are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release of May 25, 2020:
quote
On May 22, 2020, a Major Shareholder completed the capitalization of Nurbank
JSC for a total amount of KZT20.038 bn at its own expense.
Thus, obligations were fulfilled within the framework of Nurbank JSC
participation in the Program for increasing financial stability based on the
results of an asset quality review (AQR).
As the Chairman of the Management Board of Nurbank JSC Eldar Sarsenov
noted: "The bank's capitalization has increased the reliability and financial
stability of the bank, helps to resist the crisis that is happening now, and
will allow the bank to grow further in accordance with our chosen strategy".
The funds received will be used to increase the "airbag" for creditors and
depositors of the bank, as well as lending to the real sector of the economy and
financing small and medium-sized businesses.
unquote
The full press release is available on –
https://kase.kz/files/emitters/NRBN/nrbn_reliz_250520_1.pdf
[2020-05-26]