BANK CASPIAN JSC (Kazakhstan) informed about results of its activities for the first half-year of year 2007

/KASE, August 15, 07/ - BANK CASPIAN JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, provided KASE with the press-release of next contention: Quotation begin Bank Caspian announced the results of activity for 6 months of year 2007. Income, without consideration of re-estimation of currency increased by more than 50% in comparison with the same period of year 2006. Shareholders equity increased by more than 845 having reached KZT36 bn. Main activity results of Bank Caspian JSC for the first half-year of year 2007: - Net income - KZT2.7 bn., - Net percentage income - KZT5.4 bn. - Operation income - KZT8.1 bn. - Operation costs - KZT4.9 bn. - Assets - KZT217 bn. - Shareholders equity - KZT36 bn. August 14, Almaty. Bank Caspian JSC, one of the leading retail banks in Kazakhstan, announced results of its successful activity for first half-year of year 2007. Income without consideration of re-estimation of currency increased by more than 50%, assets increased by 26%, shareholders equity by 84% in comparison with corresponding period of year 2006. "Qualitative growth and control of operation costs let us to reach the successful financial results for 6 months of year 2007", - told Mikhail Lomtadze, acting as chairman of board of Bank Caspian JSC. "Demand for banking services from the side of market, supported by improved product scale of our bank and active advertising, gave an opportunity to increase net percentage income by 44%, which is the key indicator for us". "Our percentage incomes are growing faster than operation costs - 44% and 28% correspondingly. These factors let us to grow effectively, increase the volume of activity and receive each additional income with less costs. We do not look at re-estimation of currency, as on important source of income, because this income is not result of our banking activities but the result of fluctuation of tenge rate in relation to other currencies". "We are building the best qualitative bank, which is aimed on provision of qualitative banking services and products to population of Kazakhstan" - told Mikhail Lomtadze. "Banking market of Kazakhstan continues to grow rapidly. Despite for us is important the growth and share of market, but the most important strategic priority is the quality of our growth and effectively. Our assets increased by 26% and credit portfolio increased by 32% in comparison with first half-year of year 2006. Priority direction of our development is crediting and servicing of physical entities and SMB (small and middle business). These directions make about 50% of our credit portfolio "Principles of our strategy for year 2007 did not change. We are planning to concentrate on increasing of effectiveness of our activities, controlled growth and increase of quality of servicing. All that we are doing is with one aim - provision of qualitative banking products and services to our clients all over Kazakhstan". "Second half of year 2006 and first half of year 2007 are also memorable by increase of shareholders equity. Shareholders equity of Caspian increased by 84% as the result of investment of 10.2 bn. tenge from the side if shareholders and income for the last 12 months. Shareholders accepted the decision to invest income into development of bank and not to distribute dividends", - added Vyacheslav Kim, chairman of Board of directors of Bank Caspian JSC. Level of adequacy of capital makes 25%, which makes our bank one of the most capitalized banks not only for Kazakhstan but also for CIS. High adequacy of capital makes our bank more stable and safe bank for our clients and especially for depositors. ". Mikhail Lomtadze and Vyacheslav Kim discussed the results of 6 months on the press-conference on August 14, 2007 in the press-center of Interfax agency, 15 Republic square, Almaty. Bank Caspian JSC: Bank Caspian JSC enters the 10 of leading banks of Kazakhstan with assets, exceeding KZT216 bn. and consolidated capital about KZT36 bn. Bank takes the leading positions in consumer crediting. Retail network of Bank consists form 147 departments and 548 sales offices of express credits, servicing more than 2000 trade companies. Credits to companies of small and middle business and population of Kazakhstan make more than half of Bank's credit portfolio. Leading investment fund Baring Vostok Capital Partners is the investor to Bank Caspian JSC www.bc.kz Baring Vostok Capital Partners: Baring Vostok Capital Partners specializes on investments to CIS. Since year 1994 funds of Baring Vostok invested more than $600 m. to 50 companies, among which the number of successful companies in the sphere of financial services, oil and gas field, telecommunications, mass media, in consumer sector including such banks as Bank Caspian, Europlan, Center of Financial Technologies, Barren Energy, Vympelkom, Golden Telecom, Sladko, Borjomi, Yandex and Ozon Among investors of fund are such famous international financial institutions as European Bank for Reconstruction and Development, International Financial Corporation ad also largest in the world pension funds, governmental investment corporations, university funds form America, Europe and Asia. Baring Vostok enters the composition of Baring Private Equity International, group of direct investments' funds management with $3.5 bn. of assets in CIS, Asia, India, Europe and Latin America. Fro additional information please contact: Larisa Pak Director of Corporate communications center of Bank Caspian JSC Tel.:01-800 int.1099 E-mail Larissa.Pak@bc.kz Mobile: +7 701 222 9339 Quotation end [2007-08-15]