Shareholders of ATFBank JSC (Kazakhstan) have confirmed limit of bank's borrowing for 2003-2004 in the amount of $650.0 m

/KASE, December 11, 03/ - ATFBank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange CJSC (KASE), has presented to KASE the minutes of prescheduled general shareholders meeting, which was held on December 1 of 2003. In accordance with the agenda shareholders of ATFBank JSC have confirmed change sand additions in the charter and specification of the 8th shares issue of the bank, and also, was informed before (on December 2 and 3 of 2003), made decision about increasing of the bank's authorized capital up to KZT11.6 bn. (due to additional issue of common shares) and elected a new staff of the Board of directors. Besides, shareholders have confirmed total volume of interest for members of the Board of directors of ATFBank JSC and made decision about the quarterly compensation of expenses for members of the bank's Board of directors concerned with fulfillment of obligations by them in accordance with the estimate and report about actual expenses. Besides, shareholders have confirmed general borrowings limit of ATFBank JSC for 2003-2004 in the amount of USD650.0 m. on the following articles of the balance: subordinate funds, funds of banks and financial organizations, term deposits, issued bonds. [2003-12-11]