Eximbank Kazakhstan announces receiving warning for committing administrative violation

/KASE, October 22, 14/ – Eximbank Kazakhstan JSC (Almaty, hereinafter – the Bank), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... of drawing the Bank to administrative responsibility in form of a written warning No. 13-3-05/2836 of the National Bank of Republic of Kazakhstan of October 2, 2014 (was received by the Bank on October 3, 2014, incoming No. 6076), for violating prudential norms – the ratio of the maximum risk per borrower not related with the bank by a special relationship (ratio (к3)), as of August 1, 2014. The responsibility for this violation is provided for in article 46 of the Act on banks, sub-item 35 of article 8 of the Act "On National Bank of Republic of Kazakhstan", Rules 317. This violation of prudential norms was corrected by the Bank as of September 1, 2014. unquote [2014-10-22]