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Bank of Astana increased equity capital on 4 bln. KZT

Bank of Astana informs about increase of equity capital on 4 bln. KZT by means of distribution of common shares of the Bank.

 

Shareholders used preferential right on purchase of these shares. Increase of tier 1 capital was planned within development strategy of the Bank and aimed at improvement of indicators of capital adequacy and its stability to risks absorption. Decision of shareholders was stipulated by their desire to support business growth of the Bank on high level and to synchronize level of grown assets with capital level in accordance with the requirements of regulator of international rating agencies.

 

– Next planned increase of capital is suitable to quick growth of our bank and demonstrates adherence of shareholders to selected development strategy. We put the most efforts that equity capital was used efficiently during implementation of our strategic plans, – commented Iskender Mailibayev, chairman of the border of JSC “Bank of Astana”.   

 

We recall that the last increase of the Bank’s capital on 4,5 bln. KZT was in November 2015. Shareholders plan to increase level of the Bank’s capital, which will correspond to rates of business growth in key areas, denoted by long-term development strategy.

 

Value of authorized capital of the Bank is 24 785 466 000 (twenty four billion seven hundred eighty five million four hundred sixty six thousand) KZT as of June 28, 2016. Total number of allocated common shares of the Bank has increased from 15 000 466 to 21 400 466.