OREANDA-NEWS. On July 13, 2009 Alliance Bank (Almaty), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

Alliance Bank (the Bank) is pleased to inform, according to results of meetings with a Creditors Committee on June 29/30 and July 6/7, 2009 in London, the Bank and the Creditors Committee signed the Memorandum of Understanding regarding restructuring of bank borrowings. The Committee consists of Asian Development Bank, Calyon, Commerzbank Aktiengesellschaft, DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH, ING Asia Private Bank Limited, HSBC Bank plc, JP Morgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation Europe Limited and Wachovia Bank N.A.

The Memorandum is an evidence of a principal agreement of the Creditors Committee with proposed options for bank debt restructuring.