JSC Kazkommertsbank - New license number
RNS Number:3008L
JSC Kazkommertsbank
08 January 2008
Kazkommertsbank granted new unified banking license
January 8, 2008 - Kazkommertsbank announces that in accordance with updated
legislation a new unified license #48 dated 27th of December 2007, for execution
of banking and other equity market operations and activities, has been
registered by the Kazakh Financial Supervision Agency.
The new license combines the following previously issued licenses:
(1) License #48 as of 28 January 2006 for banking and other bank
operations in national and foreign currencies;
(2) Separate license #0401100672 as of 29 January 2004 for brokerage and
dealer operations in the equity market, including client accounts'
management in the capacity of the nominee;
(3) Separate license #0407100205 as of 29 January 2004 for custody
activities;
The following operations at the equity market were included in the new license:
- brokerage and dealer activities in the equity market, including client
accounts' management in the capacity of the nominee;
- custody activities.
The new license does not cover the following banking operations:
- interbank clearing: due, verification, payments' classification and
confirmation as well as execution of mutual settlement of accounts and
definition of clear positions of clearing participants (banks or agencies
performing particular bank operations);
- bank cards issuance.
The receipt of the new license by the Bank will not affect client banking
services as the Bank will continue its activities on interbank clearing and
issuance of bank cards without license under article 8 of the Law on the Banks
and Banking Activities in Kazakhstan.
Contacts:
Larissa Kokovinets, Press secretary
+7 (727)258 54 56
Pr@kkb.kz
Maral Amrina, Head, Investor Relations/Capital Markets
+7 (727)258 51 25
investor_relations@kkb.kz
This information is provided by RNS
The company news service from the London Stock Exchange
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