Qazaq Banki increases share capital to KZT12.4 bn

/KASE, February 26, 15/ – Qazaq Banki JSC (Almaty, hereinafter – the Bank), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote Kazakh commercial bank – Qazaq Вanki JSC (hereinafter – the Bank) – has increased its share capital by KZT1.3 through offering of 1,300,000 ordinary shares of the Bank with a face value of KZT1,000 each amongst broad public. The capital increase follows the decision of the Board of Directors taken on December 24, 2014. Following the offering the Bank's share capital increased by 12% (KZT1.3 bn) making KZT12.4 bn, accordingly the equity capital increased to KZT13.3 bn. The Bank is supposed to increase its capitalization as part of its development strategy. "We appreciate the support and trust of shareholders. The systematic increase of capital will allow us to extend the volumes of banking operations, increase the funding of local enterprises and develop new lines of business", – said Mirlan Tashmetov, Chairman of Management Board of Qazaq Вanki JSC. unquote [2015-02-26]