/KASE, September 13, 06/ - Bank TuranAlem JSC (Almaty) spread today the press-release, in which following is informed:

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The new strategy of bank TuranAlem was confirmed on the recent meeting of board of directors. The strategical goals of bank TuranAlem on years 2006-2015 include entering to the leader position in Kazakhstan and other countries of CIS in the segments of retail, small and middle business and corporate servicing and receiving of segments of market in Kazakhstan - not less then 25%, in Russia - not less then 2%, in other countries of presence - not less then 5%.

It is planned to consolidate the joint assets of bank and increase them to year 2010 till $25 bn., and to 2015 - till $50 bn.

In the frames of new strategy of BTA it is planned the redemption from the existing shareholders of 51% of voting shares of Temirbank JSC till the end of year.

During the realization of new strategy the bank TuranAlem have to become the biggest universal commercial bank in CIS. Bank intends to use effectively the dynamically growing external trade flows of Kazakhstan with objective of widening its presence in countries - largest trade partners of CIS, including Turkey and China.

"Bank practices its own methodology of penetration on new markets with the help of instruments of trade financing and corporate banking, purchasing it or creating from the zero", - the deputy chairman of administration Genrig Holodzinskiy considers. "By investing firstly to the purchase of small shareholdings of regional banks and introducing the international standards of financial reports we then are starting the development of retail and services for small and middle business. Bank composites the core of group of financial companies, rendering the whole number of financial services for retail and corporate clients. One of the main competitive advantages of bank - is the culture of innovation, reflecting in readiness to develop its presence on the new markets and constantly wide the product row, offering the highly technological services", - G.Holodzinskiy added.

The main source of dynamic growth of BTA is the usage of huge potential of market of CIS countries, knowledge of its patterns and needs of clients, which lets to compete effectively with foreign financial institutions, and also attracting of international experience and creation of network of strategical partners.

BTA announces itself in the new strategy of bank as organization socially responsible before its staff and their families, clients and shareholders of countries of presence.

The priority trend of Bank TuranAlem is serving the private entities and entrepreneurs. To enlarge the stake of retail business up to 50% at the expense of allocation of it in the banking portfolio as the separate business, to rise the quality of the serving and investing in technological modernization are arttculated like the main concern of the bank.

Realization of all competing privileges of BTA provides the growth of assets in Kazakhstan by year 2015 to $34 bn., of capital - to KZT3.8 bn., net income - to $615 m., quantity of departments - to 286, employees - to 6,963 persons.

Council of directors of BTA confirmed the business plan of the bank for year 2007 and approved the borrowing of the global syndicate loan for the total of $800 m. with the following re-subscription up to $1,500 m., out of syndicates of banks, organized by The Bank of Tokyo-Mitsubishi UFJ, Ltd., Commerzbank Atkiengesellschaft and Standard Chartered Bank.

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[2006-09-13]