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On entering into a related party transaction

23.06.2014 15:54:28

Hereby BTA Bank JSC kindly notifies that on June 04, 2014, the Board of Directors of BTA Bank JSC took resolution to enter into related party transaction.

Information on entering into related party transactions by the joint-stock company

1) date of taking resolution on entering into transaction by the Board of Directors - June 4, 2014;

2) value of the transaction subject - n/a;

3) date of the latest valuation of the transaction subject - n/a;

4) percentage ratio of value of transaction subject to the total value of assets of this joint-stock company - n/a;

5) main terms of the transaction:

decision on entering into cooperation agreement for the implementation of express money transfers for individuals without opening bank account under Faster system between BTA Bank JSC and Kazkommertsbank JSC enter into related party transaction:


-          subject to transaction - implementation of express transfers on the instruction of individuals without opening of bank accounts by him under Faster system in units of Kazkommertsbank JSC;

-          Commission charges - 40% of commission amount on send and paid transfers in units of Kazkommertsbank JSC;

-          Maximum limit on total amount of each express transfer: USD 10,000 (ten thousand dollars USA), EUR 10,000 (ten thousand Euro), RUR 280,000 (two hundred eighty thousand Russian Rubles), equivalent to USD 10,000 (ten thousand dollars USA) at the rate of the National bank of the Republic of Kazakhstan;

-          Minimum limit on correspondent accounts: KZT 1,000,000 (one million tenge), USD 5,000 (five thousand dollars USA), EUR 3,000 (three thousand Euro), RUR 500,000 (five hundred thousand Russian Rubles);

-          Send/issue of express transfers in currencies: KZT, USD, EUR, RUR. 


6) date of the transaction - June 19, 2014.