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Subsidiary bank “HSBC Bank Kazakhstan” Joint stock company was renamed to JSC “Altyn Bank”
We take this opportunity to thank you for doing business with Subsidiary bank “HSBC Bank Kazakhstan” Joint stock company.
Hereby we inform you that on 27 November 2014 Subsidiary bank “HSBC Bank Kazakhstan” Joint stock company was renamed to JSC “Altyn Bank” (SB of JSC “Halyk Bank”) (“Altyn Bank”).
We are writing to you in relation to the change of control in relation to Altyn Bank.
As you are probably aware, on 26 February 2014 HSBC Bank plc and JSC Halyk Bank entered into an agreement to sell 100% of the shares in the charter capital of Subsidiary bank “HSBC Bank Kazakhstan” Joint stock company, now called Altyn Bank (the “Transaction”). The Transaction was subject to regulatory approvals which the parties have successfully satisfied, and on 28 November 2014 HSBC Bank plc transferred 100% of shares in the charter capital of Altyn Bank to JSC Halyk Bank.
On 28 November 2014 JSC Halyk Bank became the sole shareholder of and thus obtained full control over Altyn Bank.
The change of control shall not affect existing legal agreements between you and Altyn Bank and they shall remain in force. However, if you have any questions in relation to this matter, please do not hesitate to contact your manager at Altyn Bank.
We are very grateful for your continued relationship with Altyn Bank during this period. We value our relationship with you very much.
HSBC Bank plc JSC Halyk Bank JSC «Altyn Bank» (SB of JSC «Halyk Bank»)