From September 18, KASE excludes Tengri Bank from participation in trading, suspends membership of the exchange and suspends trading in the bank's stocks

18.09.20 12:54
/KASE, September 18, 2020/ – By a decision of the Management Board of Kazakhstan Stock Exchange (KASE), from September 18, 2020, Tengri Bank JSC (Almaty), which is a member of KASE in the "currency" and "stock" categories, has been excluded from participation in trading in foreign currencies and securities admitted to circulation (trading) on KASE, with the exception of trades in financial instruments, for which the bank has obligations on deals previously concluded on KASE. Membership of Tengri Bank JSC on KASE has been suspended until the relevant decision of KASE's Board of Directors. Trades in common shares of Tengri Bank JSC (KZ000A1CTMJ8, KASE main market, category "standard", DNBN) have also been suspended in KASE's trading system since September 18. Trades in the bank's bonds that underwent listing on KASE (KZ2C00003705, KASE main market, category "bonds", DNBNb3) were not opened. This decision was made on the basis of a message of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated September 18, 2020 "On stripping Tengri Bank JSC of the license to conduct banking and other operations". Earlier there was a related KASE news item "Agency of the Republic of Kazakhstan on the Regulation and Development of the Financial Market revokes license of Tengri Bank for banking and other transactions" – https://kase.kz/en/news/show/1442588/ [2020-09-18]