Halyk Savings Bank of Kazakhstan extends time for re-registration of bank deposit agreements under compensation program for individual deposits

02.10.15 16:54
/KASE, October 2, 15/ – Halyk Savings Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with following official list: quote Halyk Savings Bank of Kazakhstan continues accepting orders for re-registration of deposits under the compensation program for deposits. According to a decision of the National Bank of Republic of Kazakhstan orders will be accepted until December 1, 2015. Only term deposits with a balance of maximum KZT1,00000049 mln as of August 18, 2015 are eligible. Conditional deposits Halyk-Legalization, call deposits and security deposits are not eligible. According to the Procedure of compensation of individual deposits in tenge approved by a resolution of Management Board of National Bank of Republic of Kazakhstan, due to switch to the free floating tenge exchange rate (hereinafter – the Procedure) the government will compensate in October 2016 at an exchange rate as of September 30, 2016 provided, the re-registered deposit will be kept until September 30, 2016 inclusive. Amount and terms of compensation are regulated by the Procedure. Re-registration of education deposits is carried out by signing additional agreement to the deposit agreement. Re-registration of other deposits is carried out by opening of new deposit "Halyk – compensation" by concluding bank deposit agreement. Details of deposit "Halyk – compensation" are available at Halyk Bank website – www.halykbank.kz. http://halykbank.kz/ru/retail/deposits/compensation unquote [2015-10-02]