Bank TuranAlem JSC and Metal Steel SME Resource signed the memorandum about cooperation - press-release

/KASE, September 14, 06/ - Bank TuranAlem JSC (Almaty) spread today the press-release, in which following is informed: Quotation begin Metal Steel SME Resource LLP (daughter enterprise of Metal Steel Temirtau JSC) and Bank TuranAlem JSC decided to joint energies, in order to speed up the accumulation by small and middle businesses of Karaganda region the capital and strengthen its influence on development of economics in the region, had signed the memorandum about cooperation. Partnership of the sides includes the joint development and realization of programs of financing the subjects of small and middle businesses, enterprisers with attendant activities for production of Metal Steel Temirtau JSC and its suppliers in the region and outside of it, creating client-oriented sphere on partnership of industrialists with Bank TuranAlem JSC and Metal Steel SME Resource LLP, gathering and exchange of information about potential clients, monitoring of market of credit products, adaptation of specific products services to the needs of clients. The first project, worked in the frames of Memorandum offers help to industrialists in the process of crediting. Metal Steel SME Resource LLP acts in the project as creditor, and bank TuranAlem - as guarantor. "Memorandum of the cooperation between SME and BTA , ratifying the intentions of bank TuranAlem to increase the stake of sector of real economy in the credit portfolio, will let the industrialists of sphere of small and middle businesses to receive credits on more profitable terms, to develop the business", - noted the deputy chairman of administration of BTA Genrig Kholodzinskiy while signing the document. Bank TuranAlem JSC - is the system making bank of Kazakhstan, leader in creation of banking network in countries of CIS. Assets of BTA as of September 1 2006 exceeded $10.5 bn., joint equity capital - $1.7 bn.. Bank Turanalem JSC confidently takes the leader's position in Kazakhstan in area of trade financing, crediting of SMB and mortgage crediting. Metal Steel SME Resource LLP was founded in 2002 by the direction of President of RK with the objective of financing the subjects of small business on the privileged conditions. The priority borrowers of SME are the subjects of small and middle businesses of Karaganda and Temirtau, enterprisers producing products and services for Metal Steel Temirtau JSC and products of import substitution.. For contacts with Mass Media: Valentina Vladimirskaya, press-secretary of Bank TuranAlem JSC 8 (3272) 505-464, press@bta.kz Madan Mokhan Gopalakrishnan Executive directorof Metal Steel SME ResourseLLP Quotation end [2006-09-14]