31 March, 2009
ABIndex: dividends per 1 OJSC “Kazcommerzbank Kyrgyzstan” share has formed 152, 23 soms.
On 31st of March 2009 yearly general meeting of OJSC “Kazcommerzbank Kyrgyzstan” shareholders took place.
The following issues have been reviewed on the agenda:
On returning board membership approval
On approval of the reports of the Management, Board of directors on the results of OJSC “Kazcommerzbank Kyrgyzstan” activity for 2008.
Approval of yearly financial plan for 2009 and of the report on 2008 financial plan performance.
Approval of the balance sheet, income statement.
Taking decision on OJSC “Kazcommerzbank Kyrgyzstan” income distribution order: dividend payments, form, size and deadlines of the dividend payments.
Taking decision on OJSC “Kazcommerzbank Kyrgyzstan” losses distribution.
OJSC “Kazcommerzbank Kyrgyzstan” board of directors members selection: a) determination of quantitative structure of the Board of directors; b) selection of members of the Board of directors; c) determination of the terms and size of compensation for Board of directors members.
Selection of the audit committee members consisting of three independent of OJSC “Kazcommerzbank Kyrgyzstan” Board of directors members.
Selection of external OJSC “Kazcommerzbank Kyrgyzstan” auditor by the Board of director’s representation and determination of compensation size for the external auditor.
Determination of OJSC “Kazcommerzbank Kyrgyzstan’s” Management members’ term.
Approval of OJSC “Kazcommerzbank Kyrgyzstan’s” articles of association in the new edition.
Approval of the new edition of OJSC “Kazcommerzbank Kyrgyzstan’s” regulations on Board of directors.
All the issues included in agenda were reviewed.
OJSC "Kazcommercbank Kyrgyzstan" is a subsidiary of JSC "Kazcommerzbank"(Republic of Kazakhstan). JSC "Kazcommerzbank's" share in OJSC "Kazcommercbank Kyrgyzstan's" capital is 93,58 %.
Board of directors and president of the bank mentioned in their report that the previous year was very successful. Effective development, bank products and services spectre expansion, new markets developing, including regional markets, and also implemention of newest technology guaranteed the growth of almost all financial indicators to the Bank.
By OJSC "Kazcommerzbank's" activity totals net income for 2008 amounted 146 750 thousand soms. Dividends per share formed 152,23 soms.
Financial High Lights OJSC “Kazcommerzbank Kyrgyzstan”, thousands KGS
Now the financial situation is evaluated as stable. The assets' quality is evaluated as satisfactory. OJSC "Kazcommercbank Kyrgyzstan" has more than 304 trade terminals on the country's territory, 33 cash dispensers which service international cards. Predominant activity direction is SME crediting.
By 2008 results 8 deals with the bank's stock totalling 55 679 thousand soms were arranged. At the same time, the maximum orice was recorded at 1 352 soms level, the minimum – 500 soms per share. Now there are no supply and demand for the Bank's stock.
The information has been prepared by BNC Finance - valuation of the events taking place on Kyrgyz Republic stock market
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