OREANDA-NEWS. May 04, 2008. Astana-finance JSC (Astana), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the copy of resolution # 52 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) Board of March 28, 2008, reported the press-centre of KASE.

According to the provided document AFS issued to Astana-finance JSC the agreement for acquisition of Bank Astana-finance JSC banking holding status.

According to item 3 of article 2 of the law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan", the banking holding is a legal entity (excluding cases, when such owner is the state or the national holding or the national managing company), which in compliance with the written agreement of the authorized body can directly or indirectly possess twenty five and over percent of placed (minus preferred and re-purchased by the bank) shares of the bank or able:

- to vote directly or indirectly by twenty five or over percent of voting bank's shares;

- to determine decisions, made by the bank, due to the agreement or any other way or have the control.

As it was informed earlier, the permission for opening of Bank Astana-finance JSC was issued in compliance with resolution # 51 of AFS Board of March 28, 2008.