OREANDA-NEWS. June 04, 2013. The Annual General Meeting of the Shareholders of Kazkommertsbank ("the Bank') approved the 2012 audited annual financial statements of the Bank and the Management Board's report on the Bank's activities in 2012.

It was decided not to pay dividends on common shares due to the net loss of the Bank for 2012 year. The payment of dividends on preferred shares will commence on 12 December 2013 and the record date for the list of shareholders eligible to receive dividends on preferred shares is 12 November 2013. The dividends on preferred shares are fixed and equal to US\\$ 0.04 per share, as indicated in the Share Prospectus of the Bank.      

The item on a reallocation of the reserve capital was withdrawn by the Bank, as a result the Bank's reserve capital was retained at KZT 58,605,125 thousands (at the level approved by the Annual General Shareholders' Meeting).

Shareholders set the remuneration levels for the members of the Board of Directors.  The shareholders have also considered shareholders' appeals to the Bank and its authorities' actions and the results of this consideration. The Bank's shareholders were also informed about the composition and size of remuneration of the members of the Board of Directors and the Management Board in 2012.