On receiving Lesha Bank's consent to acquire the status of bank holding company and authorization to acquire Bereke Bank JSC

The Board of the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market adopted Resolution No. 66 «On granting Lesha Bank LLC (Public) consent to acquire the status of bank holding company of Joint Stock Company «Bereke Bank» and Resolution No. 67 «On granting Lesha Bank LLC (Public) consent to acquire a subsidiary - Joint Stock Company «Bereke Bank».

According to the requirements of the legislation, no person may directly or indirectly own, use and (or) dispose of ten or more percent of the bank's voting shares, as well as have control or ability to influence decisions made by the bank in the amount of ten or more percent of the bank's voting shares without obtaining the prior written consent of the authorized body, except for cases provided for by law.

The applications and relevant documents of Lesha Bank for obtaining the status of bank holding and permission to acquire the subsidiary organization Bereke Bank JSC in connection with the planned acquisition of 100% of the bank's voting shares, are considered in accordance with the requirements of Articles 11-1 and 17-1 of the Law of the Republic of Kazakhstan «On Banks and Banking Activities in the Republic of Kazakhstan.»

Lesha Bank is a Sharia compliant bank, licensed by the Qatar Financial Center Regulatory Authority on June 30, 2010, to conduct banking operations, including deposit taking, loan operations, investment operations and collective investment fund management.

As of July 1, 2024, Lesha Bank's assets amount to $2.05 billion, shareholders' equity - $0.4 billion, capital adequacy ratio - 16.9%. By results of 2023, the bank received net profit of $26.5 million, and for 6 months of 2024 - $15.5 million.

Bereke Bank JSC ranks 9th in terms of assets and 7th in terms of loan portfolio among second-tier banks in Kazakhstan. As of August 1, 2024, the bank's assets amount to 2,248 billion tenge, shareholders' equity - 173 billion tenge. The bank complies with the established prudential norms, including capital adequacy and liquidity.