Kazakhstan Bank TuranAlem, which registered its representative office in AR Ministry of justice of Azerbaijan, celebrates its 80th anniversary
24.08.05 21:46
/Bank TuranAlem JSC, August 24, 05/ - Kazakhstan bank TuranAlem, which
have received preliminary permission of the National bank of AR for opening
of representative office and have registered its representative office in
Ministry of justice of Azerbaijan, send inquiry to the National bank of
Azerbaijan Republic for official permission of opening of representative
office. At present time the inquiry is being considered.
Today in Baku bank TuranAlem celebrated its 80th anniversary. Celebration
was held in Grand Hotel Europe Baku, Azerbaijan salon.
Representatives of the National bank, commercial banks, embassies, foreign
banks and organizations, and also representatives of biggest companies of
Azerbaijan took part in celebration.
Azerbaijan - important partner of Kazakhstan in Transcaucasian region. In
our states many joint ventures act. Successfully develops collaboration
between Kazakhstan and Azerbaijan companies in oil and gas and transport
complexes, and oil pipeline Baku-Tbilisi-Dzhekhan was called by Nursultan
Nazarbayev alternative direction for delivery of Kazakhstan oil for export
through Caucasus.
Additional stimulus for development of collaboration between economic
subjects of our countries were agreements, achieved in the cause of meeting
in Astana of Kazakhstan President Nursultan Nazarbayev and Azerbaijan
President Ilkham Aliyev and signing of declaration About friendship and
partnership between Republic of Kazakhstan and Azerbaijan Republic, which
was held on March 2004. All these create prerequisites for expansion of
collaboration of Bank TuranAlem JSC with Azerbaijan companies.
Bank TuranAlem JSC - backbone bank of Kazakhstan, leader on creation of
banking net in CIS countries. Assets of BTA reach $5.5 bn., total
shareholders equity of the bank exceeds $600 m. Bank's shareholders
consist of big financial institutes of the world: EBRD, RZB, FMO, IFC.
Bank TuranAlem JSC confidentially holds leading position on Kazakhstan
market in the field of trade financing, crediting of small and medium business
and mortgage crediting.
Strategic development of Bank TuranAlem stipulates for geographic
diversification. Bank's group - strategic partners, in capital of which Bank
TuranAlem JSC has stake, consists of Slavinvestbank (Moscow), Omsk-
bank (Omsk), Astanaeximbank (Minsk), BTA InvestBank (Yerevan),
Agroinkombank (Astrakhan), BTA-Kazan (Kazan), BTA Silk Road Bank
(Georgia). The bank expands range of offered products and demonstrates
stable dynamic growth. Net of foreign representative offices of BTA covers
Russia, Byelorussia, Kirgiziya, Ukraine, Armenia, Tajikistan, Georgia and
China.
At present time BTA is concentrated on consolidation of banks, in whose
capital it included, on adaptation of business-procedures, unification of
technologies and products.
[2005-08-24]