BTA Bank Announced Entering into Related Party Transaction
OREANDA-NEWS. Herewith BTA Bank JSC kindly notifies that on August 28, 2013 the Board of Directors of BTA Bank JSC took resolution on entering into a related party transaction being the Agreement on compulsory accident insurance of employees at discharge of their functions.
Information on entering into a related party transaction by the joint-stock company
1) Date of taking resolution on the transaction by the Board of Directors of BTA Bank JSC - 28.08.2013;
2) insurance premium - KZT 3,784,238;
3) date of the last property assessment being subject of the transaction - not applicable;
4) Percentage ratio of the value of property being subject of the transaction to the total assets of the joint-stock company - 0, 0002 %;
5) Main terms of the transaction: insurable interest - proprietary interest of an employee suffering health damage after accident resulting in establishing a degree of loss of occupational capacity or death in case of fault or absence thereof on the part of the employee injured;
Term of the Agreement - 12 months.
6) transaction date - 30.09.2013.
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