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Bank of Astana increased equity capital by 4,5 bln. KZT

November 18, 2015, Almaty ¬¬– Bank of Astana (hereinafter – the Bank) informs about increase of equity capital by the amount 4 500 000 000 (four billion five hundred million) KZT by means of distribution of common shares of the Bank. Increase of capital was planned within development strategy of the Bank and aimed at improvement of capital adequacy indicators and its stability to risks absorption. Decision of shareholders demonstrates their desire to support growth of business of the Bank on high level.

– We hail the decision of shareholders – to increase capital. We can preserve dynamics of implementation of our strategy. Stock capital will be used with maximum efficiency, and will be useful for our customers, – commented Iskender Mailibayev, Chairman of the Board of JSC “Bank of Astana”.

The bank together with shareholders is going to increase level of its capitalization, which will correspond to assets growth rates. Part of attracted capital will be aimed at more active development of services of the Bank, rendered by means of bank cards and mobile application. Introduction of modern remote service, which is unique on domestic banking market, is one of key areas in strategy of Bank of Astana, as active usage of bank cards together with mobile applications minimizes expenses of customers due to reduction of operating expenses of the Bank.

According to the results of capitalization, value of equity capital of Bank of Astana was 23 962 128 000 (twenty three billion nine hundred sixty two million one hundred twenty eight thousand) KZT as of 17.11.2015.