Bank CenterCredit Reported Results of Danabank Status Analysis
OREANDA-NEWS. On December 11, 2008 Bank CenterCredit (Almaty), the representative of holders of mortgage bonds KZ2CKY05B752 (DNBNb1; KZT1,000, KZT1.0 bn.; January 5, 06 - January 5, 11, the semi-annual coupon indexed on the inflation rate, 10.50 % APR for the current coupon period; 30/360) of Danabank (Almaty), traded in Kazakhstan Stock Exchange (KASE) official list, the second subcategory of "Non-rated Debt Securities", informed KASE by the official letter, provided to KASE the act of Danabank financial status analysis as of October 1, 2008, reported the press-centre of KASE.
Based on the implemented analysis Bank CenterCredit informed that in spite of negative moments in Danabank financial activities, as of the reporting date Danabank fulfills all prudential norms and undertakes measures on improvement of the loan portfolio quality. In addition, the Board of Directors of Danabank decided to increase its authorized capital to improve its financial sustainability.
The mentioned act is available on KASE website at http://www.kase.kz/ru/emitters/show/dnbn
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