Kaspi Bank drawn to administrative responsibility

27.11.14 12:15
/KASE, November 27, 14/ – Kaspi Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote Information on drawing the joint-stock company "Kaspi Bank" (hereinafter – the Bank) to administrative responsibility ... ------------------------------------------------------------------------- Name of authority that issued the Date, No. of the warning warning Warning content ----------------- ----------------- ------------------------------------- National Bank Without No. of The Bank has committed administrative of the Republic November 24, 2014 violations having provided to the of Kazakhstan authorized body for control and surveillance of the financial market and financial organizations of unreliable reports and information no containing data whose provision is required in accordance with the banking legislation of the Republic of Kazakhstan, responsibility for which is stipulated by part 1 of article 168-2 of Kazakhstan's Administrative Violations Code (hereinafter – KAVC). As a result the Bank was drawn to administrative responsibility according to part 1 of article 168-2 of KAVC with imposing of an administrative sanction in form of a penalty to the amount of 400 (four hundred) monthly calculation indices, which makes KZT740,800 (seven hundred forty thousand eight hundred). ------------------------------------------------------------------------- unquote [2014-11-27]