Valut-Transit Bank signed a $6 million syndicated loan agreement

/Kazakhstan today, November 11, 04/ - Valut-Transit Bank signed a $6 million syndicated loan agreement with a group of banks today here in Almaty, reports KZ-today. The group of banks included four Almaty banks such as Bank CenterCredit (BСС), Almaty Trade Financial Bank (ATF), the Eurasian Bank and TemirBank. According to Valut-Transit Bank president Mr. Kairat Kashenov, it is the first syndicated loan agreement signed between Kazakhstani Banks. Also he noted that Valut-Transit Bank for the fist time obtained the syndicated loan. "Valut-Transit Bank" enters the top ten Kazakhstani banks, and takes the third place among the banks having widely regional network. The Bank registered 14 branches, 119 cash processing centers and 179 exchanges. The Bank assets for the last ten months increased by 45%, its own capital by 66% [2004-11-11]