Euromoney Magazine recognized Bank CenterCredit JSC (Kazakhstan) as the best basnk in the nomination of "Best managed bank"

/KASE, July 16, 2007/ -Today, Bank CenterCredit JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, had spread a press-release with the following content: Beginning of citation The international magazine, Euromoney Magazine, summing up the results of the last 12 months (from May 2006 to May 2007), recognized Bank CenterCredit JSC as the best managed bank among the banks in Central, Eastern Europe and Central Asia. On May 20, 2007, in the city of Kazan (Russia), during the annual meeting of the European Bank of the Reconstruction and Development (EBRD), a ceremony of rewarding was held. Bank CenterCredit JSC was rewarded with a prestigious award in the "Best Managed Bank" nomination. The publisher and Executive Director of Euromoney, Mr. Nil Osborn presented the award to the Executive Director of Bank CenterCredit JSC, Mr. Timur Ishmuratov. Bank CenterCredit JSC showed itself as a bank with stable and consistent business strategy with high standard of corporate governance, transparent financial activities, and brilliant execution of the operational activity. Due to all of that, bank CenterCredit is the most accessible and open company for investors and analysts. Commenting this fact, the Chairman of Administration of the bank CenterCredit, Mr. Vladislav Li said that the award in the "Best Managed Bank" nomination is the next proof of the stability and steadiness of the bank CenterCredit JSC on the Kazakhstan market, with its progressive development strategy and continuous perfection of its activities. It is a high appraisal of huge work accomplished in many aspects of corporate governance. For the present day, the bank CenterCredit JSC is the fifth biggest bank in Kazakhstan based on the volume of retail deposits and the sixth by its assets. In comparison with the previous year, the pace of the assets' growth increased by 83%, client accounts - by 67%, and net loans - by 105%. Balanced strategy of the bank and the quality of the assets allowed the foreign partners, investors, and international financial development institutes to increase the volume of credit lines for small and middle -sized businesses, and for the retail sector. According to the audited consolidated financial statements, bank CenterCredit JSC had a net profit of KZT10.021 bn. at the end of 2006, compared to KZT4.764 bn. in the year 2005. The assets of the bank grew by KZT241.487 bn. or by 73.1% to KZT571.718 bn. during 2006. The shareholders' equity of the bank totaled KZT 40.488 bn. as of the end of 2006, being increased by KZT14.277 bn. or by 54.5% over the year. Loan capital of the bank increased by KZT195.918 bn. (by 94.3%) over the year 2006, and totaled KZT403.728 bn. The volume of the attracted capital from the clients increased by KZT81.650 bn. or by 58.2% over the year 2006, and totaled KZT222.051 bn. Bank CenterCredit JSC is the sixth commercial bank in Kazakhstan based on its assets' volume, and has international ratings from "Moody's": "Ва1" and Fitch Ratings: "ВВ-", forecast "Stable" agencies. Additional information is available from the PR manager of Bank CenterCredit JSC, Mambetova Janna, phone number: 259-86-03 e-mail: zmambeto@centercredit.kz End of citation [2007-07-16]