NURBANK OJSC distributed KZT72.0 m as dividends on its preferred shares

/KASE, April 28, 04/ - NURBANK OJSC (Almaty), whose securities are circulating in official "A" category of Kazakhstan Stock Exchange (KASE) presented a copy of annual general shareholders meeting held on May 17, 2003. Following the agenda of the meeting shareholders of NURBANK OJSC approved report by management team, annual financial statements and conclusion of check up committee for 2002, bank's budgeting for 2003 and accepted number of decision that follow. It was decided that KZT92.0 m of net income earned in 2002 would be distributed as dividends on preferred shares. No dividends on common shares are declared. Remaining amount shareholders decided to retain and reinvest in operations. Shareholders also approved the development strategy for 2003. Following is the new address of the Bank: 168b Zheltoksan, Almaty KMPG Janat (Almaty) was appointed to perform an independent audit by results of 2003. [2004-04-28]