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]