ForteBank imposed administrative sanction

/KASE, September 2, 15/ – ForteBank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ...on receiving three Resolutions on imposing of an administrative sanction under a case on an administrative violation of August 27, 2015 drawn up against the Bank by the National Bank of Republic of Kazakhstan based on part 4 of article 218, and articles 724, 821-823 of Kazakhstan's Administrative Violations Code. The nature of violations in those Resolutions are in provision by the Bank of unreliable (erroneous) reports for purposes of executing monitoring of sources of bid and ask, as well as directions of use of foreign currency in the internal currency market. unquote [2015-09-02]