/KASE, May 22, 2017/ – Delta Bank (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE that "on May
22, 2017 the Bank received a resolution of the National Bank of the Republic of
Kazakhstan to suspend the license for banking and other transactions and
activities in securities market issued to Delta Bank including acceptance of
deposits, opening of bank accounts of individuals and legal entities as of May
18, 2017".
Full information is available on KASE website –
http://www.kase.kz/files/emitters/NFBN/nfbn_other_doc_220517.PDF
The National Bank’s press release "On the suspension of a license for
acceptance of deposits of individuals and legal entities, opening of bank
accounts of individuals and legal entities of Delta Bank" dated May 22, 2017:
quote
Following the Resolution No. 78 of the Management Board of the National Bank
of the Republic of Kazakhstan of May 18, 2017, on May 22, 2017 the license for
accepting deposits of individuals and legal entities, opening bank accounts of
individuals and legal entities of Delta Bank was suspended until June 15, 2017.
This decision was taken by the National Bank within the framework of the
supervisory response to the Bank’s violations of the requirements of banking
laws and the need to improve internal control systems based on the grounds
provided for in sub-clauses в) and г) of clause 1 of Article 48 of the Law of
the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of
Kazakhstan" for repeated (three or more times within twelve consecutive
calendar months) improper performance of contractual obligations on payment
and transfer transactions and the repeated (three or more times within twelve
consecutive calendar months) violation of prudential standards and (or) other
mandatory standards and limits.
The license was suspended for acceptance of new deposits and opening of new
bank accounts of individuals and legal entities and does not apply to service of
existing deposits and the Bank's customers.
As of May 1, 2017 the volume of accepted deposits of individuals of Delta Bank
amounts to KZT0.6 bn, deposits of legal entities to KZT115.7 bn. The deposit
portfolio is 0.7% of total deposits in the banking system.
unquote
[2017-05-22]