Alliance Bank JSC (Kazakhstan) to increase its liabilities by $40.0 m.

/KASE, July 28, 04/ - Alliance Bank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), has presented to KASE protocol about results of absentee voting at the prescheduled general shareholders meeting, calculation of votes on which was made July 20 of 2004. According to results of votes calculation shareholders unanimously decided to increase liabilities of Alliance Bank JSC by USD40.0 m, which is more than 25% of its shareholders equity, by borrowing a syndicated loans and interbank and other loans. [2004-07-28]