OREANDA-NEWS. Temirbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

In accordance with the laws of the Republic of Kazakhstan Joint-Stock Company Temirbank (hereinafter – the Bank) (the license to conduct banking and other operations and activities in the securities market No. 107 dated July 16, 2010, issued by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial market and financial organizations (hereinafter – the License), BIN 920340000031, location: 68/74 Abay Ave., Almaty, Republic of Kazakhstan, 050008, informs that the Bank as part of its voluntary reorganization plans according to the established procedure to ask the authorized body to terminate its license.

The decision to voluntarily ask the authorized body to terminate the license was made on May 26, 2015 by the Board of Directors of ForteBank JSC, being the sole shareholder of the Bank (Minutes No.14 (з)).