Alliance Bank imposed administrative sanction

/KASE, April 21, 14/ – Alliance Bank (Almaty, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ...of imposing administrative sanction in form of a fine, according to resolution of the Committee on Control and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan on imposing an administrative sanction under the proceeding on administrative violation of February 4, 2014 received by the Bank on February 4, 2014. The mentioned administrative sanction is related to non-fulfillment by the Bank of obligations imposed on it by the authorized body responsibility for which is provided for in part 4 of article 172-2 of Kazakhstan's Administrative Violations Code. unquote [2014-04-21]