OREANDA-NEWS. October 04, 2011. Kazkommertsbank (the “Bank”), one of the largest banks in Kazakhstan and Central Asia, announces that the Board of Directors of the Bank decided to voluntary liquidate the 100% subsidiary of Kazkommertsbank, Kazkommerts Capital 2 B.V., reported the press-centre of Kazkommertsbank. 

Kazkommerts Capital 2 B.V. (the “Company”) is a special-purpose vehicle registered in the Netherlands with the Bank being a sole shareholder. The Company was established for international fund-raising purposes. Since the Company is not currently active, the Board of Directors of the Bank has made a decision to liquidate the Company.

The procedure on voluntary liquidation will take place in accordance with the requirements of the respective legislations.