/KASE, July 1, 15/ – Kazkommertsbank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press-release:
quote
JSC Kazkommertsbank ("the Bank" or "KKB"), one of the largest banks in
Kazakhstan and Central Asia, today announces that it has transferred its
controlling stake in BTA to KKB's major shareholders following the transfer of
assets between the two banks and the revocation of BTA's banking licence. As
a result, BTA will not be consolidated in KKB's financial statements.
Ms. N. Zhussupova, a member of KKB's Board of Directors, has resigned from
BTA's Board of Directors, while representatives of KKB – Mr. A. Nabiyev, Ms. L.
Satiyeva and Ms. A. Zhaparova – have left the Management Board of BTA. In
addition, other KKB employees serving on BTA's Management Board committees have
left their respective positions.
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_300615.pdf
[2015-07-01]