Temirbank and ForteBank excluded from members of KASE following voluntary waiver of membership

16.01.15 18:10
/KASE, January 16, 15/ – Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors, from January 16, 2015 - Temirbank JSC in "foreign exchange", "stock" and "derivatives" categories; - ForteBank JSC in "foreign exchange" category, were excluded from members of KASE following voluntary waiver of membership. That means that Temirbank JSC and ForteBank JSC are no longer members of KASE and not allowed to trade on KASE in any instruments. This decision was taken in accordance with sub-items 1) and 2) of item 1 of Article 12 of KASE internal document "Regulations on Membership" based on an official letter from Temirbank JSC and ForteBank JSC on their exclusion from members of the stock market due to their forthcoming reorganization and merger with Alliance Bank JSC. [2015-01-16]