OREANDA-NEWS. On August 11, 2008 Kazkommertsbank announced a KZT 500 million increase in the capital of its subsidiary, Grantum Asset Management, reported the press-centre of Kazkommertsbank.

On July 8, 2008, the Bank purchased 100% of Grantum Asset Management’s 50,000 newly issued common shares, in line with its preemptive rights.

Consequently, the Bank’s share in Grantum Asset Management remained unchanged at 100%. Grantum Asset Management’s capital increased from KZT150 million to KZT650 million as a result of the share issue.