Banks CenterCredit and ATF will not take part in rehabilitation of Nauryz-bank

/IRBIS, December 22, 04/ - Information below is translated abstract of INTERFAX-KAZAKHSTAN news. Kazakhstan commercial banks CenterCredit (BCC) and ATF will not take part in rehabilitation of Nauryz-bank, where from November 9 of the current year conservation regime for three months was introduced. Press-services of these banks informed this on Wednesday to Interfax- Kazakhstan agency. In the middle of December chairman of state agency of financial supervision (AFS) Bolat Zhamishev as potential investors-rehabilitators of Nauryz-bank called three banks - BCC, ATF, and also Alliance-bank. "Bank CenterCredit, considering financial position of Nauryz-bank, has taken decision about inexpediency of its participation in its rehabilitation", - informed on Wednesday representative of BCC press-service to Interfax- Kazakhstan agency, stressing, that this decision, first of all, was caused by quality of Nauryz-bank's assets. Also employee of BCC press-service explained, that in November AFS sent to ten bank of the republic offers to consider participation in financial rehabilitation of Nauryz-bank. In response to this offer BCC wished to get acquainted with additional financial statements of this bank. As a result AFS gave permission to include BCC representatives in temporary administration of Nauryz-bank. In press-service of ATFBank given to Interfax-Kazakhstan agency written that at the meeting of the bank's board results of financial-economical activity of Nauryz-bank were considered with purpose of possible investment. "Unfortunately, - the message notes", - after studying materials and based on economical expediency ATFBank board has taken decision about impossible participation in plans of measures on rehabilitation of Nauryz bank Kazakhstan, which is in conservation. BCC and ATFBank are in ten large banks of the republic. As it was informed, conservation regime in Nauryz-bank was introduced in connection with non-fulfillment of its liabilities before clients, and also infringement of a number of prudential normatives. At present time for rehabilitation of Nauryz-bank $30 m. are required. As on December 1, 2004 shareholder's equity of this bank had negative figure in the amount of KZT1.938 bn. (current 130/$). Nauryz-bank from March 2001 is assignee of Kazagroprom, which also was in conservation regime from December 1, 2000 in connection with negative results of activity. From February 2002 sole shareholder of Nauryz-bank is Nauryz Holding Kazakhstan. [2004-12-22]