Fund of Kazakh First President becomes principal shareholder of Bank RBK

Business Materials 4 September 2014 15:46 (UTC +04:00)

Baku, Azerbaijan, Sept. 4
By Elena Kosolapova - Trend:
The Board of Kazakh National Bank permitted the Directorate for Management of Fund Invest Property and its sole founder - the Fund of the First President of the Republic of Kazakhstan to become a principal shareholder of Bank RBK, Novosti-Kazakhstan reported Sept. 4 with reference to the National Bank.

The decision was made on Aug. 27.

The National Bank did not specify the amount of the share acquired by the Fund of the First President.

Meanwhile, according to the law, the legal entities owning 10-24.99 percent shares in the capital of the bank receive a status of a principal shareholder.

The Fund of the First President is a non-profit organization pursuing social, charitable, cultural, educational and other public policy objectives.

Earlier the only principal shareholder of Bank RBK was the head of the group of industrial and mining companies SBS Group Farid Lyuhudzyaev.

Edited by C.N.