OREANDA-NEWS. Subsidiary Bank Punjab National Bank - Kazakhstan JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE of the following:

"... National Bank of the Republic of Kazakhstan on January 22, 2016 (ref. 349 of January 22, 2016), decided to:

Bring SB Punjab National Bank - Kazakhstan JSC to an administrative liability under Part 3 of Article 218 of the Code of the Republic of Kazakhstan on administrative offenses of July 5, 2014 (hereinafter– the CAO) and to impose an administrative penalty on the Bank in the form of a warning.

This corrective action was adopted as the Bank committed an offense by misreporting on the part of the authorized bank for the purposes of monitoring the sources of supply and demand, and directions of use of foreign currency in the domestic foreign exchange market, the responsibility for which is provided by part 3 of article 218 of the CAO".