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Kazkommertsbank board nominates chairman

JSC Kazkommertsbank's board of directors unanimously voted to nominate nonexecutive independent director Arman Dunayev as chairman of the board.

Dunayev is an independent nonexecutive director at JSC Halyk Savings Bank of Kazakhstan and is chairman of Halyk Bank unit JSC Altyn Bank. Halyk Bank recently completed the acquisition of a 96.81% stake in Kazkommertsbank.

Kazkommertsbank's shareholders approved the composition of the board at an extraordinary general meeting July 31. Saule Kishkimbayeva, Aliya Karpykova, Azamat Dzholdasbekov, Askar Yelemesov and Kazkommertsbank CEO Ulf Wokurka joined the board together with Dunayev.