VTB Bank (Kazakhstan) Announces Decisions of BoD
OREANDA-NEWS. November 24, 2011. Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty, hereinafter - the Bank), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that its Board of Directors took the following decisions, reported the press-centre of KASE:
1. To make non-arm length deals with an affiliated person.
2. Changes and additions to two internal documents of the Bank have been approved.
3. Setting the financing limit for a LLP to the amount of not more than KZT1,463,022,000 (one billion four hundred sixty three million twenty two thousand), which is equivalent to USD9,900,000 (nine million nine hundred thousand).
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