Halyk Bank Reappoints Deutsche Bank TCA in its Capacity as Depositary
OREANDA-NEWS. January 14, 2014. JSC Halyk Bank (hereinafter - the “Bank”) has reappointed Deutsche Bank Trust Company Americas in its capacity as depositary for the Bank’s Regulation S and Rule 144A GDR (“GDR”) programmes (hereinafter - the “Depositary”).
Under the terms of the Deposit Agreement dated December 20, 2006, as amended, the Depositary will be entitled to charge dividend processing fees to GDR holders of USD 0.02 or less per GDR, or annual servicing fees of USD 0.02 per GDR if the Bank does not pay a dividend or if any dividend processing fees are less than USD 0.02 per GDR. The Depositary will no longer charge a register inspection fee to GDR holders.
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JSC Halyk Bank is the leading financial services group and the leading retail bank in Kazakhstan with the largest customer base and the broadest branch network. The Bank holds the largest market share in terms of banking sector’s net profit. The Bank is developing as a universal financial services group rendering a wide range of services (banking services, insurance, leasing, brokerage services and asset management) to its retail, SME and corporate clients. The Bank also operates in Russia, Georgia and Kyrgyzstan.
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