OREANDA-NEWS. Kaspi Bank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has in an official letter informed KASE of the following:

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On March 5, 2016 the Bank's Board of Directors took a decision on voluntary liquidation of the Bank's subsidiary – Caspian Capital B.V., registered and located in the Netherlands. The liquidation procedure started on March 9, 2016. In accordance with laws of the Netherlands, a two-month waiting period must elapse from that date, after which within 2-3 weeks the liquidation will be registered with the Netherlands' authorities. The liquidation is supposed to end by the end of June 2016.

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