BTA Bank Released Information for Shareholders
OREANDA-NEWS. April 22, 2011. BTA Bank informs that according to changes introduced into clause 5 of article 17 of Banking Law of the Republic of Kazakhstan (hereinafter referred to as “Banking Law”), which came into force since January 1, 2010, legal entities registered in offshore areas, the list of which is provided by authorized body, can not possess, and (or) use, and (or) dispose of voting shares of resident-banks of the Republic of Kazakhstan (previously this restriction also applied to natural persons who are the members (founders, shareholders) of legal entities registered in offshore areas, and to legal entities having affiliates registered in offshore areas)
This restriction does not apply to the banks which are subsidiaries of non-resident-banks of the
List of rating agencies and minimal required rating shall be fixed by authoritative body.
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