Tsesnabank JSC (Kazakhstan) had signed the agreement about syndicated loan to the sum $50 m. - press-release

/KASE, December 13, 06/ - Tsesnabank JSC (Astana), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official listing had spread the press-release with the following contention: quotation begin ON DECEMBER 11 TSESNABANK HAD SIGNED THE AGREEMENT ABOUT SYNDICATED LOAN TO THE SUM 50 M. US DOLLARS The agreement was signed with book-runners Landesbank Berlin AG, Raiffeisen Zentralbank Oesterreich AG, authorized leading organizators in face of Landesbank Berlin AG, Raiffeisen Zentralbank Oesterreich AG, Anglo-Romanian Bank Limited, SC Parex Banka, Rosemount Global Trade Finance Fund LP, Vneshtorgbank and 10 financial institutes. The given loan was attracted for 370 days with the ability of prolongation for the same term, the margin totaled 3%. Tsesnabank JSC intends to direct the attracted funds to the financing of contracts of its clients. As had noted the Chairman of Board of Tsesnabank JSC Dauren Zhaksybek, the initial sum of the deal was planning in size of $25 m., but was increased twice because of higher demand. The given syndicated loan is notable by that it is one of few, if not the only for commercial banks of Kazakhstan: both by the absolute size of the second syndicated loan and by term of attraction for second syndicated loan in Kazakhstan banking sector. "During one year the Bank managed to attract the given syndicated loan not only for more long term (note: the term of debuted syndicated loan, attracted in May of year 2006, totaled 6 months, the term of the given deal - 370 days), but to increase the sum to $50 m. dollars, at that having decreased the margin of attraction. These facts not only confirm the relentless interest of international investors to Kazakhstan, its banking sector, but also the successfully conducted primary and general stages of syndication", - explained D.Zhaksybekov. Being founded in year 1992 and having as of September 30, 2006 38 territorial subdivisions, Tsesnabank - is the only commercial bank of Kazakhstan with the head office in Astana. In year 2006 Tsesnabank is one of the most dynamically developing banks of Kazakhstan. As of September 30, 2006 assets of the bank totaled KZT68.8 bn., net income - KZT494 m. The further strategy of development the bank see in increasing of market's stake by widening of geography of presence and list of banking products, and also increase of the quality of services provided. quotation end [2006-12-13]