Kazkommertsbank says BTA Bank repaid loan

/KASE, July 4, 2017/ – Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of July 3, 2017: quote On July 3, 2017, BTA Bank repaid a loan provided to it by Kazkommertsbank for KZT2.4 trln. For the remaining part of debt of KZT64.8 bn, the Bank made a write-off due to the formed provisions. Thus, as of July 3, 2017, the debt of BTA Bank to the Bank was repaid in full. The loan granted to BTA Bank is a major related interested party transaction for Kazkommertsbank. Contacts: Assel Mukazhanova, Financial Institutions Tel: + 7 (727) 2 585-125, E-mail: investor_relations@qazkom.kz Larissa Kokovinets, Corporate Communications Tel .: +7 (727) 2 585-456, 2 585-392, E-mail: pr@qazkom.kz unquote [2017-07-04]