VTB Bank (Kazakhstan) Announces Decisions of Board of Directors
OREANDA-NEWS. January 16, 2012. Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE) 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 approve the financing limit for a group of companies: for an LLP - to the amount of not more than USD2,000,000 (two million), which is equivalent to KZT295,360,000 (two hundred ninety five million three hundred sixty thousand), for an LLP - to the amount of not more than 6,800,000 (six million eight hundred thousand), which is equivalent to KZT1,004,224,000 (one billion four million two hundred and twenty four thousand).
2. To approve the financing limit for a group of companies to the amount of not more than KZT1,401,060,000 (one billion four hundred one million and sixty thousand), which is equivalent to USD9,500,000 (nine million five hundred thousand).
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