Bank CenterCredit discloses results of checking collateral on mortgage bonds of BTA Ipoteka, subsidiary organization of BTA Bank

18.05.15 18:24
/KASE, May 18, 15/ – Bank CenterCredit JSC (Almaty), representing holders of the following mortgage bonds of BTA Ipoteka JSC, subsidiary organization of BTA Bank JSC (Almaty): - KZPC3Y10B333 (KZ2C00000909, KASE official text, other debt securities category, BTAIb5); - KZP03Y10B642 (KZ2C00000867, KASE official text, other debt securities category, BTAIb9), listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of a random inspection of the collateral as for compliance with obligations of BTA Ipoteka JSC, subsidiary organization of BTA Bank JSC, towards its bondholders according to collateral registers as of April 1, 2015. On the basis of the inspection Bank CenterCredit JSC has informed of the following: quote The collateral and collateral ratio of the mortgage bonds comply with requirements of the bond prospectuses and collateral agreements. Coupons are paid timely and in full. According to the random inspection, the Representative has recommended to the Issuer to enhance further control over data entry into the loan registering system, monitoring collateral and inform of relevant measures taken. Responsibility for the accuracy of the provided information required for analysis of state of the collateralized property rests with the management of BTA Ipoteka JSC, subsidiary organization of BTA Bank JSC. unquote [2015-05-18]