Euromoney recognized Development Bank of Kazakhstan JSC as the best in the sphere of corporate management in countries of the Central and Eastern Europe

/KASE, January 17, 07/ - Development Bank of Kazakhstan JSC (Astana), bonds of which are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, spread a press release of the following content: Quotation start Today in Vienna (Austria) a rewarding ceremony of winners of the annual expert survey of the international financial publication Euromoney took place. Publication experts adjudged a prize to the Development Bank of Kazakhstan (which is a part of FSD Kazyna), as "The Best Bank in the sphere of corporate management in countries of the Central and Eastern Europe". The rewarding ceremony took place in the course of conducting an Investment conference The Euromoney Central and Eastern European Forum on January 16-17, 2007. Richard Ensor, a Managing Director of Euromoney Institutional Investor PLC, presented the publication award. Askar Sembin, the President of DBK, spoke on behalf of the Bank. According to Euromoney experts, the received award indicates that in the area of corporate management the Development Bank managed to build an effective system of determining company's goals, means of their achievement and elaboration of control mechanism, and also construct an efficient mechanism of interrelation among the Shareholder (Fund of stable development Kazyna JSC), Board of directors and Bank's management. In particular, it is indicated that from the side of the Board of directors and the management such aspects of Bank's corporate management have been improved as: arrangement of corporate goals, management of company's current activity, providing conformity of Bank's corporate activity and corporate behavior to requirements of trusty banking practice, acting legislation and normative base. It should be stressed that experts and specialists of Euromoney for the second consecutive year positively note Bank's activity. Thus, on May 21, 2005 in Belgrade (Serbia and Montenegro) in the course of Annual Meeting of the European Reconstruction and Development Bank Еuromoney publication declared Development Bank of Kazakhstan as "The Most Dynamic Development Bank in the World". The reward was presented "for stable market position, high yield level, potential growth and high qualitative level of management and profitability. Quotation end [2007-01-17]