BANK CASPIAN JSC (Kazakhstan) informed about introduction of integrated software for increasing of effectiveness and quality of clients' servicing

/KASE, September 19, 07/ - BANK CASPIAN JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had spread the press-release in which the following in informed: quotation begin In Bank Caspian JSC was successfully introduced the integrated software for increasing of effectiveness and quality of clients' servicing. First of all the given systems are subjected for retail business, including express crediting. System let to process the big amount of credits in real time regime, which increases the speed of decision-making in more than 540 points of express-crediting and 147 subsidiaries and departments of the bank. At the moment in the new system were given about 5000 credits. "Integration and introduction of modern informational technologies is one of the most important priorities for our banks", - announced the Deputy Chairman of Bank Caspian JSC Mamuka Kirvalidze, who is in current with informational technologies of the bank. - "All that we are doing, have only one goal - to provide our clients with qualitative servicing in any subsidiary or department of our banks all over Kazakhstan. Also new systems will help to introduce new products and what is important to control the credit risks more carefully". Along with it in the bank is conducting the transfer to optic-fiber lines of connection and switching of banks network to the IP VPN service, which provides the high speed of data transfer, possibility of organizing of several channels on one line and security of transferring data. For today more than 75 subsidiaries and departments of the bank had already went to new standards of communications. Bank Caspian JSC: Bank Caspian JSC enters the ten of leading banks of Kazakhstan with assets exceeding KZT216 bn., and consolidated capital about KZT36 bn. Bank takes the leading positions in consumer crediting, Bank have one of the most wide retail networks in Kazakhstan, which includes more than 147 subsidiaries and departments and 548 points of express credits sales, servicing more than 2000 trade organizations. Credits to organizations of small and middle business to 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 Partenrs: Baring Vostok Capital Partners is one of the largest and successful investment funds with more than $2.3 bn. under management. Since year 1994 funds of Baring Vostok invested more than $600 m. to 50 companies, among which are such wide-known as: Vympelkom (Beeline), Yandex, Bank Caspian, Europlan, Center of Financial Technologies, Barren Energy, Golden Telecom, Syktyvkarskiy timber industry complex (TIC), Sladko, Borjomi and Ozon. Among investors of funds are such famous international financial institutions as European Bank for Reconstruction and Development, international Financial Corporation, and also the largest pension funds I the world, state investment corporations and funds of leading universities of the world. Baring Vostok enters the staff of Baring Private Equity International, group of funds' managers with size more than $3.5 bn. www.bvcp.ru Fro additional information please address to: Botagoz zhumanova Head of Mass media connections department Tel: 8 (7272) 501- 800 (int.1376) E-mail: Zhumanova@bc.kz Mobile: +7-777-232-51-12 Quotation end [2007-09-19]