OREANDA-NEWS. Qazaq Banki JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement:

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Qazaq Вanki JSC (hereinafter – the Bank) strengthens its position on Kazakhstan's financial market having increasing its capital in December 2015. In accordance with a decision of shareholders, the Bank successfully placed 8,027,400 pieces of ordinary shares nominated at KZT1,000 per share amongst the broad public. As a result, the Bank's share capital increased by 40% and made up KZT28.030 bn. In its turn, the Bank's equity upon the end of 2015 financial year (according to non-audited data) exceeded KZT30 bn.

Increasing the capitalization level will improve the Bank's stability, extend business diversification opportunities, increment the volume of asset-backed transactions for funding projects and programs for corporate and retail clients, as well as develop the Bank's regional network.

"Increase of the share capital is a natural process as part of development of the Bank's strategy and maintaining of the tendency of stable development on the financial market. And we are pleased that shareholders of Qazaq Вanki support us in this respect. Increase of the capital will allow keeping the Bank's dynamic development, also carrying out of new projects, as well as increment of the existing volumes", – said Chairman of Management Board of Qazaq Вanki Mirlan Tashmetov.

Contacts for media:
Timur Khasanov
Press-service of Qazaq Banki JSC
tel. + 7 (727) 380 39 85, 8 708 949 555 0
e-mail: t_khassanov@qazaqbanki.kz

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