/KASE, February 28, 05/ - DB HSBC Bank Kazakhstan (Almaty) submitted an
application to Kazakhstan Stock Exchange (KASE) for a membership in society of
banks-signatories of a Memorandum on formation of interbank deposit market
indicators (Memorandum,
http://www.kase.kz/geninfo/normbase/memo_rate.pdf)
from March 1, 2005.
Earlier KASE announced that pursuant to the decision of Kazakhstan stock
exchange's (KASE) Council dated February 15 of 2005 there have been removed
limitations about the quantity and requirements for the financial condition of
Memorandum about formation of interbank deposit market indicator, in
compliance with which KASE calculates and publishes KIBOR, KIBID and
KIMEAN indicators. Before only banks - KASE's members of "B" category from
among ten largest Kazakhstan banks could be participants of the Memorandum
about formation of interbank deposit market indicator (Memorandum), and now
any bank being KASE's member can join the Memorandum. Number of banks
joined the Memorandum is unlimited.
The mentioned innovations have been made in order to provide
representativeness of the formed indicators because in the year 2004 only 3-5
banks regularly announced their quotations on interbank deposits.
Apart from DB HSBC Bank Kazakhstan JSC the members of Memorandum are:
Bank TuranAlem JSC, CITIBANK KAZAKHSTAN CJSC, Halyk Savings Bank of
Kazakhstan JSC, Bank CenterCredit JSC, Daughter bank ABN AMRO Bank
Kazakhstan JSC, Kazkommertsbank JSC, ATFBank JSC, Demir Kazakhstan
Bank OJSC, Eurasian bank JSC, Temirbank JSC.
[2005-02-28]