/KASE, June 6, 2022/ – Subsidiary Organization VTB Bank (Kazakhstan) JSC
(Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange
(KASE), has informed KASE about the following:
quote
The sole shareholder of Subsidiary JSC VTB Bank (Kazakhstan) – VTB Bank
(PJSC) intends to increase the capital of its subsidiary bank in Kazakhstan. The
procedure will be carried out as soon as all legal requirements are fulfilled.
The bank will allocate the received funds for increasing its equity capital
which will contribute to the compliance with the necessary standards and
further development of the bank's activity in the country.
"VTB Bank (Kazakhstan) is a resident of the Republic of Kazakhstan and has
been operating in the country for more than 13 years. The shareholder expresses
trust and gives full support to the bank. We clearly see a new way of VTB's
development in Kazakhstan and are engaged in transforming the business
model. The capital increase will allow the bank to increase its stability and
implement the tasks jointly determined with the shareholder", - said Dmitrii
Zabello, Chairman of the Management Board of VTB Bank (Kazakhstan).
unquote
This information is available in Russian, Kazakh and English on –
https://kase.kz/files/emitters/BVTB/bvtb_relizs_020622.pdf
[2022-06-06]