JSC Kazkommertsbank announces redemption of the loan due from JSC BTA Bank
3 July 2017, Almaty – notice is hereby given by JSC Kazkommertsbank (hereafter “KKB” or the “Bank”) that on 3 July 2017, JSC BTA has repaid the loan from the Bank in the amount KZT 2.4 trillion. The balance of the loan in the amount of KZT 64.8 billion was written off by the Bank against the loan loss reserves. Therefore, as of 3 July 2017, the loan from KKB to BTA Bank has been redeemed in full.
For the purposes of the Bank, the loan to BTA Bank has been treated as a material related party transaction.
Asel Mukazhanova, Financial Institutions and Investor Relations
Tel.:+7 (727) 2 585-125, E-mail: firstname.lastname@example.org
Larissa Kokovinets, Corporate Communications
Tel.: +7 (727) 2 585-456, 2 585-392, E-mail: email@example.com