OREANDA-NEWS. May 30, 2011. The annual general meeting of Alliance Bank shareholders has approved audited Y2010 consolidated financial statements of Alliance Bank, introduced changes into the Board of Directors, chose the auditor for 2011 and decided not to pay out dividends due for 2010, reported the press-centre of KASE.

The shareholders and their representatives attending and registered at the meeting represented 9,210,515 (nine million two hundred ten thousand five hundred fifteen) voting shares comprising 97.23 % of the total voting shares of the Bank. Decisions on all issues in questions were taken by majority of votes.

The annual general meeting of shareholders has approved audited Y2010 consolidated financial statements of Alliance Bank. Th statements are available on www.alb.kz.

KPMG Audit is the Bank's independent auditor for 2011.

By majority of votes the shareholders have decided to early terminate the powers of the following members of the Board of Directors of Alliance Bank JSC representing interests of Samruk-Kazyna JSC: Aitenov Marat Duisenbekovich; Karibzhanov Aidan Taboniyazovich; Khairova Kamilla Kenzhebulatovna.

By majority of votes the shareholders have decided to appoint following persons as members of the Board of Directors representing interests of Samruk-Kazyna JSC: Aldambergen Alina Utemiskyzy - member of the Board of Directors; Baisynov Murat Baisynovich - member of the Board of Directors; Balgarin Erlan Ertostikovich - member of the Board of Directors.

The new Chairman of the Board of Directors of Alliance Bank will be appointed at next meeting of the Board of Directors.

Due to year 2010 ending with capital deficit (IFRS), majority of shareholders has decided not to set procedure for distribution of net income for 2010, nor to set dividend per common share; no dividends will be paid on Alliance Bank's common shares or preferred shares for 2010.