BTA Bank Announces Entering into Related Party Transaction
OREANDA-NEWS. Herewith BTA Bank JSC kindly notifies that on April 21, 2014, the Board of Directors of BTA Bank JSC took resolution to enter into related party transaction:
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 - April 21, 2014;
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 three savings accounts;
• the currency in which open a savings account - tenge, US dollars and euro;
• Product name - "Platinum" deposit with fixed interest rate;
• Minimum initial installment - KZT 1 500 000 (one million five thousand tenge);
• Minimum balance - KZT 1 500 000 (one million five thousand tenge);
• Deposit maturity - 12,5 months;
• Accrual of interest - capitalization;
• Minimum conversion amount - KZT 750 000 (seven hundred fifty thousand tenge);
• Interest rate: KZT 1 500 000-6 999 999 - KZT 9,8%, USD 3,8%, EUR 2,6%;
KZT 7 000 000-14 999 999 - KZT 9,9%, USD 3,9%, EUR 2,7%;
KZT 15 000 000 - KZT 10,0%, USD 4,0%, EUR 2,8%;
• Effective interest rate: KZT 1 500 000-6 999 999 - KZT 10,3%, USD 3,9%, EUR 2,6%;
KZT 7 000 000-14 999 999 - KZT 10,4%, USD 4,0%, EUR 2,7%;
KZT 15 000 000- - KZT 10,5%, USD 4,1%, EUR 2,8%;
6) date of the transaction - June 20, 2014.
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