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Eurasian Bank unit ceases operations

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Eurasian Bank unit ceases operations

said Oct. 6its unit EU Bank ceased its operations after the withdrawal of its data fromKazakhstan's national registry of business identification numbers and the statedatabase of legal entities.

TheNational Bank of Kazakhstan canceled the license of EU Bank in September as part of its mergerwith Eurasian Bank. The latter acquired the unit, which was operating at the time asBankPozitiv Kazakhstan, in December 2015.