“ForteBank” will join “Temirbank” and “Alliance Bank” after approval of restructuring plan by creditors

Date: 15:22, 13-11-2014.

Almaty. November 13. KazTAG - "ForteBank" will join "Temirbank" and "Alliance Bank" after its restructuring plan is approved by the creditors, reports the press-service of "Alliance Bank".
According to the message a restructuring plan of "Alliance Bank" liabilities has been approved at the joint meeting of shareholders of "Alliance Bank", "ForteBank" and "Temirbank".
"JSC Alliance Bank, JSC ForteBank and JSC Temirbank are pleased to announce that shareholders of JSC Alliance Bank have approved the restructuring plan in respect of JSC Alliance Bank’s indebtedness and that shareholders of JSC Alliance Bank, JSC ForteBank and JSC Temirbank have approved the proposed consolidation of the three banks as well as other ancillary matters necessary for completion of the restructuring and the consolidation”, reads the statement.
The participation at the meeting was 99.8391 percent, 100.00 per cent and 99.9514 percent of the total issued voting shares of JSC Alliance Bank, JSC ForteBank and JSC Termirbank, respectively.
The resolution approving JSC Alliance Bank’s restructuring plan was passed by a majority of 99.7428 percent of the voting common shares and preference shares of JSC Alliance Bank represented at the meeting.

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