OREANDA-NEWS. Halyk Savings Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following official letter:

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Halyk Savings Bank of Kazakhstan JSC by the Resolution of the National Bank of the Republic of Kazakhstan of December 21, 2015 was brought to the administrative liability under Article 263 of the Code of the Republic of Kazakhstan on Administrative Offences of July 5, 2014.

Halyk Savings Bank of Kazakhstan JSC violated requirements of Article 79 of the Act of the Republic of Kazakhstan on Joint Stock Companies No. 415-II dated May 13, 2003, namely the failure of the Bank to comply with the obligation to disclose information on interested party transactions.

The fine amounted to KZT394,400.

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