OREANDA-NEWS. Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

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Halyk Savings Bank of Kazakhstan (hereinafter – the Bank) finally bought back and exchanged the Bank's preferred shares and preferred shares convertible into common shares for the Bank's common shares. The process was launched in June 2015 and ended in June 2016. The buyback and exchange were carried out in order to bring the Bank's capital structure in line with the legislation update, and in view of the changed commercial banks' capital regulation.

Most of the Bank's preferred shares and preferred shares convertible into common shares were bought back by the Bank, and the rest were exchanged for common shares on the basis of the decision of the Annual General Meeting of Shareholders of April 22, 2016.

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