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BTA chairman discharged

Business Materials 2 February 2009 11:04 (UTC +04:00)

Kazakhstan, Astana, Feb. 2 / Trend , K.Konirova/

Chairman of the BTA Bank Board of Directors Mukhtar Ablazov was discharged from office, Kazakhstan Prime Minister Karim Masimov said at a governmental meeting on Feb. 2. BTA Bank is a commercial bank in Kazakhstan.

"BTA Bank Board of Directors Chairman Mukhtar Ablazov and First Deputy Chairman Zhaksylyk Zharimbetov were removed from office as their actions neither corresponded with the interests of depositors and creditors nor meet legislative requirements," Masimov said.

The government will manage the bank in the future. After the meeting, the board will appoint new heads to the financial institution, he added.

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