BTA Bank Released Notice on Entering into Related Party Transaction
OREANDA-NEWS. Herewith BTA Bank JSC kindly notifies that on August 22, 2013 the Board of Directors of the Bank made resolution to enter into a related party transaction by executing a bank deposit agreement.
1) Date of taking resolution on the transaction by the Board of Directors - 22.08.2013;
2) Value of property being subject of the transaction - not applicable;
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 - not applicable;
5) Main terms of the transaction:
• Subject of the transaction - opening of the bank deposit;
• Name of the product - Formula Uspekha multicurrency deposit with a fixed interest rate;
• Initial payment - KZT 15,000 (fifteen thousand);
• Irreducible balance - KZT 15,000 (fifteen thousand);
• Deposit term - 12 months;
• Interest accrual - capitalization;
• Minimum conversion amount - KZT 150,000 (one hundred fifty thousand);
• Interest rate: KZT - 8,8%, USD - 5,0%, EUR - 3,8%;
• effective interest rate: KZT - 9,2%, USD - 5,1%, EUR - 3,9%;
6) transaction date - 23.09.2013.
Комментарии