OREANDA-NEWS. On March 25, 2009 As part of its general commitment to capitalizing subsidiaries, Kazkommertsbank has increased the chartered capitals of JSC "Kazkommerts Securities" and JSC "Life insurance company "Kazkommets Life", through the purchase of additional issues of shares in these companies in accordance with its preemptive rights, reported the press-centre of Kazkommertsbank.

Kazkommertsbank has purchased 900,000 newly issued shares from Kazkommerts Securities at a price of KZT1,000 per share. As a result, the chartered capital of Kazkommerts Securities increased by KZT900 million to KZT1,475,180,000; Kazkommertsbank's stake has not changed and remains at 100%.

In addition the Bank has also purchased 292 000 newly issued shares from Kazkommerts Life at a price of KZT1,000 per share. As a result, the chartered capital of Kazkommerts Life increased by KZT292 million to KZT1,382,000,000; Kazkommertsbank's stake remains at 100%.

The planned capital injection was made in order to maintain the financial stability of these subsidiaries and to comply with capital adequacy requirements.

JSC "Kaxkommerts Securities" provides clients with services in Kazakh and international capital markets. As one of the oldest brokerage companies in Kazakhstan, Kazkommerts Securities is among the top 10 largest operators on the stock market.

JSC "Kazkommerts Life" provides life insurance services and is among the top 3 life insurance companies in Kazakhstan.