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Notification on entering into non-arm’s length transaction

24.07.2013 14:53:48

Almaty, July 23, 2013 - BTA Bank JSC (hereinafter - Bank) hereby informs on entering into non-arm's length transaction.


Date of resolution of the authorized body of the company to enter into transaction

Decision of the Board of Directors of the Bank No.21 dated July 19, 2013


Value of property - subject of transaction

Property - subject of transaction is the object of intellectual property (trademark), valuation of which has not been made.


Date of last valuation of property - subject of transaction


Percentage ration of value of property - subject of transaction against cost of assets of this company


Main material terms of transaction

Essence of transaction lies in entering into license agreement between the Bank and BTA Bank CJSC (Armenia) on use till 28.09.2017 of the Bank's trademark, which image is reproduced in registration certificate No.25453 issued by the Committee for Intellectual Property of the Ministry of Justice of the Republic of Kazakhstan.


Date of transaction

July 19, 2013