Bank CenterCredit announces participation in Program of strengthening financial stability of banking sector in Republic of Kazakhstan
23.10.17 11:44
/KASE, October 23, 2017/ – Bank CenterCredit (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release:
quote
Bank CenterCredit announces that the National Bank of the Republic of Kazakhstan
by a resolution No. 191 dated October 10, 2017, approved Bank CenterCredit
(Bank) as a participant of the Program of strengthening the financial stability
of the banking sector in the Republic of Kazakhstan (Program).
The Program provides for funding from the National Bank's subsidiary –
Kazakhstan Stability Fund – on account of issue of subordinated convertible
bonds of the Bank. The Program also plans recapitalization of the Bank by its
shareholders.
Participation in the Program will positively influence the Bank's market
standing and financial position. The amount of funds being received will enable
compliance with new risk-oriented requirements of the regulator, higher
profitability and capitalization, an extension of the resources base and
increased lending of Kazakhstan's real sector.
For additional info please turn to the Planning and Finance Department:
dinara.dyusembekova@centercredit.kz , 8 7272 598-598 (10423)
unquote
[2017-10-23]