OREANDA-NEWS. February 18, 2015. Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the largest banks in Kazakhstan and Central Asia, announces that on 16 February 2015 KKB sold its 95.75% stake, representing 293,975 common shares, in OJSC Kazkommertsbank Kyrgyzstan.

This transaction is in line with KKB’s strategy to integrate with BTA Bank and optimise its subsidiaries. The value of the stake was based upon an independent appraisal prepared by international audit company. Enquiries: Aliya Nursipatova, Alma Buirakulova, Investor Relations tel. +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz Larissa Kokovinets, Public Relations tel. +7 (727) 258-54-56, E-mail: pr@kkb.kz. unquote [2015-02-17]