OREANDA-NEWS. September 25, 2009. JSC Alliance Bank (the “Bank”) is pleased to announce that the Specialised Financial Court of Almaty (the “Court”) has approved the Bank’s application for restructuring, reported the press-centre of Alliance Bank.

The Court’s approval of the Bank’s application initiates the restructuring process under the new bank restructuring legislation in Kazakhstan and is an important step towards the restructuring and recapitalisation of the Bank.

The decision came into effect on 18 September 2009. A copy of the resolutive part of the decision of the Court (in both Russian and English) can be found on the Bank’s website at http://albinvestorrelations.com/en/news