OREANDA-NEWS. April 21, 2011. Development Bank of Kazakhstan (Astana, hereinafter - the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following, reported the press-centre of KASE:

Following a decision of the Bank's Board of Directors (minutes #122) a decision was made to agree with the decision of the Bank's sole shareholder, SWF Samruk-Kazyna Management Board, to appoint Nurlan Kusainov the Chairman of the Bank's Management Board.

In addition, by its decision (minutes #122), the Bank's Board of Directors took a decision to early terminate powers of Armat Kasenov, Managing Director, member of the Management Board, effective April 15, 2011 and appoint Dauletkhan Kilybaev to this position, effective April 16, 2011.