About some issues of «Altyn Bank» JSC (SB of China Citic Bank Corporation Limited)

About some issues of «Altyn Bank» JSC (SB of China Citic Bank Corporation Limited)
 
On 7th of June, 2024 the Board of the Agency adopted following resolutions:
1)  №23 «On the issue of the Timur Kulibayev to acquire the status of a (indirect) major participant of JSC «Altyn Bank» (SB of China Citic Bank Corporation Limited)»;
2)  №24 «On the issue of the Dinara Kulibayeva to acquire the status of a (indirect) major participant of JSC «Altyn Bank» (SB of China Citic Bank Corporation Limited)»;
3)  №25 «On the issue of the JSC Holding group «ALMEX» to acquire the status (indirect) of bank holding of JSC «Altyn Bank» (SB of China Citic Bank Corporation Limited)».
 
The Agency's resolutions were adopted due to changes in legislation. Previously, there was no need to acquire the status of an indirect major participant of a second-tier bank if the participant owns this second-tier bank through another financial organisation.

Halyk Bank of Kazakhstan JSC is a major shareholder of Altyn Bank JSC
since 2014 (40%), respectively, Timur Kulibayev and Dinara Kulibayeva indirectly own 27,8% of shares of Altyn Bank JSC. Since the legislation was amended to prohibit indirect ownership of the bank without obtaining the consent of the financial regulator, these persons have obtained the necessary status of an indirect major participant.

50,1% of shares of Altyn Bank JSC belongs to China Citic Bank.