Kazakhstan news for February 04, 2010

In this issue:

2 Corporate news
2 ENRC says fourth-quarter output up
2 AFS recalled earlier issued to Astana-finance (Kazakhstan) consents to acquire the banking holding status and insurance companies principal participant
2 Upcoming events
3 Industry news
3 Kazakhstan prices for Food products increased by 3.9%
3 Ministry of Agriculture to keep cost of diesel oil at last year's level
4 Politics and Economics
4 Kazakh banks' bad loans to peak in 2010 - S&P
4 Kazakhstan to cancel SSN
4 Government started development of legal base of uniform economic space for 2010 - 2011
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

AFS recalled earlier issued to Astana-finance (Kazakhstan) consents to acquire the banking holding status and insurance companies principal participant
 

By the Board Resolutions of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of February 1, 2010 # 7 and #6 it was decided to recall consents to acquire status, accordingly, the banking holding Astana-finance, principal participant Insurance company Astana-finance and principal participant of Life Insurance Company Astana-finance and recognize invalid the Agency Board Resolutions of February 26, 2008 # 29 "On issue to joint stock company Astana-finance of the consent to acquire the principal participant status of being created joint stock company Insurance company Astana-finance, of February 26, 2008 # 30 "On issue to joint stock company Astana-finance of the consent to acquire the principal participant status of being created joint stock company Life Insurance Company Astana-finance, of February 28, 2008 # 52 " On issue to joint stock company Astana-finance of the consent to acquire the banking holding Bank Astana-finance. In addition, in compliance with mentioned Agency Board resolutions Astana-finance needs to decrease the number of held voting shares of Bank Astana-finance and Life Insurance Company Astana-finance to less than ten percent from the total number of voting shares till April 1, 2010 and during two working days submit to the Agency copies of attesting documents. (03/02/2010 kase.kz)
 

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