OREANDA-NEWS. November 14, 2011. Due to failure to comply with resolution #140 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated September 2, 2008 "On Minimum Amounts of Registered and Equity Capital for Second-Tier Banks (hereinafter - Resolution #140) in terms of minimum equity capital, resolution # 92 of the Management Board of the National Bank of the Republic of Kazakhstan (hereinafter - the National Bank) dated July 22, 2011 (hereinafter - Resolution # 92) rules a 3-month long suspension of license # 204 of JSC SENIM-BANK (hereinafter - the Bank) for execution of banking and other operations on the stock market, issued to the Bank on September 26, 2008 (hereinafter - the License) in terms of taking in savings, opening personal bank accounts, reported the press-centre of KASE.

In accordance with Resolution # 92, the suspension term for the license expires on October 31, 2011.

Taking into account the fact, that by the date mentioned, the major stakeholder of the Bank who owns directly more than twenty five per cent of voting and outstanding (except preferred shares and those bought back by the Bank) shares of the Bank, failed to remove incompliance with requirements of sub-item 3) item 3 of Resolution #140, at October 28, 2011 meeting of the National Bank's Management Board is was decided to suspend for six months the License's validity in terms of taking in deposits, opening personal bank accounts.