OREANDA-NEWS. Subsidiary Bank Punjab National Bank-Kazakhstan JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has in an official letter informed KASE of decisions taken at the extraordinary general meeting of shareholders on January 29, 2016:

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1. To withdraw Algazy Sekenov and Seshadri Banavara Srinivasachar from the Board of Directors of the Bank;

2. To elect Sergei Gusarov and Subhash Chander Kalia to the Board of Directors of the Bank as independent members of the Board of Directors.

3. To approve the term of office of the following members of the Board of Directors untill December 15, 2017:

- Timur Kuanyshev;

- Kunche Vira Brahmaji Rao;

- Yerzhan Shaikenov;

- Sergei Gusarov;

- Subhash Chander Kalia.

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