BTA Bank Announces Entering into Related Party Transaction
OREANDA-NEWS. Hereby BTA Bank JSC kindly notifies that on January 23, 2014, the Board of Directors of BTA Bank JSC took resolution to enter into related party transaction.
Information on entering into related party transactions by the joint-stock company
1) date of taking resolution on entering into transaction by the authority of the joint-stock company - January 1, 2014;
2) value of the transaction subject - n/a;
3) date of the latest valuation of the transaction subject - n/a;
4) percentage ratio of value of transaction subject to the total value of assets of this joint-stock company - n/a;
5) main terms of the transaction:
- transaction subject - opening of three saving accounts;
- currency, in which opening saving accounts - tenge, US dollars, Euro;
- name of product - "Formula Uspekha" multicurrency deposit with fixed rate of return
- minimal sum of initial contribution - 15,000 tenge;
- sum of trigger balance - 15,000 tenge;
- deposit term - 24-month;
- condition of accrued interest - capitalization;
- minimal sum of conversion - 150,000 tenge;
- rate of return - KZT 8,8%, USD 4,4% EUR 2,7%;
- effective rate of return - KZT 9,2%, USD 4,5%, EUR 2,7%
6) date of the transaction - January 28, 2014.
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