OREANDA-NEWS. December 17, 2010. Subsidiary Organization JSC VTB Bank (Almaty, hereinafter - the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following decisions taken by its Board of Directors, reported the press-centre of KASE:

1. on approval of an increase in the legal entity financing limit from USD2,900,000 (two million nine hundred thousand) to USD5,800,000 (five million eight hundred thousand) (equivalent to KZT855,558,000 (eight hundred fifty five million five hundred fifty eight thousand));

2. on offering of the first issue of the Bank's bonds (NIN KZ2C0Y04D904) within the number of registered bonds, under the following terms:

 - number of bonds to be offered - 150,000,000 (one hundred fifty million) units;

 - bonds to be offered at - not less than KZT98.30 per bond;

3. on taking into consideration of managerial reports of  Subsidiary Organization JSC VTB Bank (Kazakhstan) for the 3rd quarter 2010;

4. on extension of term of powers of the Chairman and members of the Bank's Management Board from December 31, 2010 to December 30, 2013;

5. on concluding deals involving the Bank's interest and taking into consideration information about the Bank's being interested in concluding deals;

6. on approval of the Registers of persons tied to the Bank by special relations for reporting periods.