OREANDA-NEWS. March 23, 2012. Subsidiary Organization JSC VTB Bank (Kazakhstan) (Almaty), whose bonds are officially listed at Kazakhstan Stock Exchange (KASE) are officially listed at Kazakhstan Stock Exchange (KASE), has informed KASE that its Board of Directors took the following decisions, reported the press-centre of KASE:

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1. To approve limits for conducting transactions    with the Government Institution the National Bank of the Republic of Kazakhstan for an indefinite time;

2. To approve the suggestion regarding choosing Ernst & Young as auditing firm performing auditing of the Bank in 2012, and recommend to the Bank Shareholder to appoint Ernst & Young as auditing firm performing auditing of the Bank in 2012;

3. To approve terms of non-arm's length transactions with a person affiliated with the Bank.