OREANDA-NEWS. February 15, 2012. Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE that its Board of Directors took the following decisions, reported the press-centre of KASE:

1. Effective from February 1, 2012 changes are made to the Bank's Credit Committee; it consists of 8 persons.

2. Effective from February 1, 2012 changes are made to the Bank's Committee on Assets and Liabilities Management; it consists of 6 persons.

3. The financing limit for an LLP has been approved as being not higher than  KZT3,325,500,000 (three billion three hundred twenty five million five hundred thousand), which is equivalent to USD22,500,000 (twenty two million five hundred thousand).

4. The financing limit for a JSC has been approved at KZT1,332,720,000 (one billion three hundred thirty two million seven hundred and twenty thousand), which is equivalent to USD9,000,000 (nine  million).

5. Effective from March 1, 2012 the term of office for the Bank's Compliance Controller A. Akimova has been extended for an indefinite time.

6. A decision was taken to conclude a non-arm length transaction with an affiliated person of the Bank.