OREANDA-NEWS. April 19, 2012. The Board of Directors of JSC Eurasian Bank has approved the budget with a KZT 9 bln increase in its authorized capital stock in 2012, reported the press-centre of KASE. 

Michael Eggleton, Chief Executive Officer, states: "this is a very important intention for the Bank as it allows the Bank to continue its positive growth dynamics and develop further as one of the core banks in the Kazakhstan banking sector. It is also a confirmation of the stability and security of the Bank for our clients, which is crucial in this time of market volatility."

Alexander Mashkevitch, Chairman of the Board of Directors further comments: "Eurasian Bank continues to outperform the market and grow its business in a process-controlled manner and under a strong risk management system. As Eurasian Bank is one of the few large banks in Kazakhstan that did not restructure its debts or turn to the Government for direct assistance, this announcement that the Shareholders will continue to support the Bank should not come as a surprise and is an important milestone reiterating the shareholders' commitment to promote the Bank's development and success."