Alliance bank JSC (Kazakhstan) informs of receiving the status of Principal member in VISA International

/KASE, November 17, 06/ - Alliane Bank JSC (Almaty), of which scurities are traded in securities list of Kazakhstan stock exchange (KASE) under "A" category, has spread today the press release, saying: Quotation start By decision of Council of International payable system VISA International dated October 29 2006, the status of Alliance Bank raised from Associated to Principle membership. The new status of а participant of the payable system VISA International will allow Alliance Bank JSC to offer its clients more comfortable and profitable conditions of serving and to enlarge the range of card products and extra services. Principle membership gives the possibility to switch to direct accounts of the payable system and to use to greater extent the potential of VISA while promoting card products of the Bank on Kazakhstan market. Moreover, the Bank receives the right to represent in the position of the bank-sponsor for other banks - Associated members of the payable system VISA International, has the opportunity to conduct flexible tariff policy, to introduce operatively its own card programs, to increase the quality of serving the clients. Receiving the status of Principle members of VISA is kind of recognition of the meaningful contribution of alliance bank JSC into development of the market of credit and debut cards in Kazakhstan. The mentioned status is assigned to the banks, which vigorously operate in the field of promotion of payable cards by the way of innovative projects, and which achieve the necessary level of output of credit and debut cards within the certain period of time. Within several years Alliance bank JSC successfully operates in this field, and it offers the clients the broad range of modern payable devices to private and corporate persons, which allow to use more reasonably its own and borrowed funds, while making payments in Kazakhstan and abroad. On August 29, 2006 Alliance Bank JSC was the Principle member of international payable system MasterCard International, and at the present time of being it is successfully passing through certificating procedures, which will allow the Bank in the nearest future to output and take payable cards of MasterCard system in serving. Quotation end [2006-11-17]