OREANDA-NEWS. On October 02, 2008 Eurasian Bank JSC (Almaty), which bonds are traded in Kazakhstan Stock Exchange first subcategory of "Unrated debt securities" category official list, provided KASE with the press-release in which the following is informed, reported the press-centre of KASE:

The Directors' council of Eurasia bank JSC had accepted the decision about purchasing of 12,340 common shares of Eurasian accumulative pension fund JSC (the subsidiary of Eurasian bank JSC) by the by right of pre-emption.

As the result of this additional offering the authorized capital of Eurasian accumulative pension fund JSC will grow more than 3 times - from KZT 503,244,262 to KZT 1,703,244,353.60. In its turn the shareholders' equity increases from KZT 952,855,000 to KZT 2,153,763,000.

"More than three times' growth of authorized capital of the pension find is the evidence of that the shareholder is ready to provide the serious support to the company, assist in the strengthening of its positions on the pension market, - the Chairman of board Jomart Yertayev is commenting. - Moreover, the significant flow into the capital of fund within the current complies economic conditions is aimed on the support of depositors' trust into pension system as a whole and Eurasian accumulative pension fund in particular".

The management of Eurasian bank is sure that increase of the fund's capital together with the effective management will let Eurasian APF to fix in the number of leaders of the home accumulative pension system

Eurasian bank JSC is the sole shareholder of Eurasian accumulative pension fund JSC.

As of July 1, 2008 pension assets of Eurasian accumulative pension fund JSC (the former title is APF Senim) exceeded KZT 43.5 bn.