OREANDA-NEWS. Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

"JSC Kazkommertsbank (KKB, the Bank), one of the largest banks in Kazakhstan and Central Asia, today announces the results of the Annual General Meeting of shareholders (AGM) held on May 30, 2016.

The AGM approved audited consolidated and separate (non-consolidated) annual financial statements of the Bank for 2015 and the management report on Bank’s activities in 2015. The AGM decided not to pay dividend on the Bank’s common shares for the financial year of 2015 due to net loss according to financial results of the Bank for 2015.

In addition, the shareholders set the date for payment of dividend on preferred shares of the Bank, approved amendments to the Charter of the Bank, amendments to the Regulations on the Board of Directors of the Bank, amendments to the Corporate Governance Code of the Bank and considered shareholders’ appeals to the Bank regarding its actions in 2015 and the results of such consideration. The shareholders have also been informed of the composition and remuneration of the Board of Directors and Management Board in 2015".