Eurasian bank JSC (Kazakhstan) will not pay dividends on its shares by results of 2004

26.04.05 11:08
/KASE, April 26, 05/ - Eurasian bank JSC (Almaty, the bank) with bonds circulating in official securities list of Kazakhstan Stock Exchange (KASE) under "A" category, presented KASE a copy of the decision of its sole shareholder- Eurasian financial industrial company JSC dated April 20, 2005. According to the document, the sole shareholder enacted following decisions (below are excerpts from the aforementioned document): - "To activities of the Management of Eurasian bank JSC for 2004 satisfactory". - "To approve annual balance of Eurasian bank JSC with net income of KZT1,593,879 th assured by Deloitte & Touche LLP". - Dividends on common shares for 2004 are not to be declared. Net income earned by Eurasian bank JSC in 2004 in amount of KZT1,563,879 th shall be used to increase shareholders capital in the Bank". - "To appoint PricewaterhouseCoopers LLP as an auditing organization of the Bank for 2005". [2005-04-26]