AFN confirms report about results of floatation of shares of Development Bank of Kazakhstan JSC

/KASE, July 12, 04/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has informed KASE with the official letter that on June 3 of 2004 Kazakhstan agency for regulation and supervision of financial market and financial organizations (AFN) confirmed report about results of floatation of shares of Development Bank of Kazakhstan JSC. In accordance with the letter share issue of Development Bank of Kazakhstan JSC was registered by AFN on March 23 of 2004 and included in the state securities register under the number #А4781. The issue has been divided into 907,300 common shares at floatation price of KZT50,000 each. As of June 30 of 2004 shares of this issue of Development Bank of Kazakhstan JSC had been entirely floated and paid. In compliance with Kazakhstan law "About Development Bank of Kazakhstan", shareholders of Development Bank of Kazakhstan JSC are Kazakhstan Government, domestic executive bodies of oblasts, republican cities - Astana and Almaty. Primary activities - rendering of banking services (except attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations served by the bank). [2004-07-12]