National Bank receives two fix - term deposits from ?SamrukKazyna? Fund

ALMATY. February 3. KAZINFORM /Dauren Zhailin/ ?National Bank of Kazakhstan? JSC (NBK) received two fix - term deposits from ?SamrukKazyna? National Welfare Fund amounted to KZT 120 bln on January, 30. Chairman of the Board of Directors of the National Bank Umut Shayakhmetova has informed of it today at the special press-conference, Kazinform correspondent reports.

According to U. Shayakhmetova means of the first deposit amounted to KZT 60 bln will be used to increase the National Bank?s capitalization. The second one is a long-term deposit amounted to KZT 60 bln and aimed at crediting the real sector of Kazakhstan?s economy in strategic industries and social infrastructure, energy, agriculture and food industry, transport and communications, wholesale and retail trade, services, engineering metallurgy, oil and gas. Earlier, ?SamrukKazyna? Welfare Fund and the National Bank signed package of documents on implementation of the set of joint activities to support the economy within the Stabilization Program of the KZ Government. ?SamrukKazyna? Fund is supposed to purchase 25% of ordinary shares of the National Bank after proper procedures under Kazakhstan?s legislation and requirements of the London Stock Exchange. As was informed earlier, Chairman of the Board of Directors of the National Bank Grigory Marchenko was appointed the Chairman of the National Bank of Kazakhstan on January, 22. The Board of Directors of the Bank elected U. Shayakhmetova as a new Chairman of the Board who since 2004 was Deputy Chairman of the Board and supervised the corporate sector. Народный банк получил два срочных депозита от ФНБ «Самрук-Казына» на общую сумму 120