News and analysis from Kazakhstan - Mar 16th 2010
business and economy
KASE delists BTA and Alliance
(SRI) - The Kazakhstan Stock Exchange (KASE) announced on Friday preferred and ordinary shares of BTA Bank and Alliance Bank would be delisted from the exchange effective November 2.
Both banks do not meet KASE listing requirement since they reported a negative equity as of January 1, 2009, KASE said in a statement.
In addition, KASE suspended trading in shares of Astana Finance. The lender reportedly failed to provide KASE with reports and financial
statements for Q1 and Q2 2009.
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