/KASE, October 1, 07/ - Kazkomemrtsbank JSC (Almaty), shares and
bonds of which are traded in Kazakhstan stock exchange's (KASE) category
"A" official list had provided KASE with the press-release of next contention:
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October 1, 2007, Almaty. - Agency Standard & Poor's, leading world indices
supplier, included Kazkommertsbank to the investment index S&P/IFCG
Extended Frontier 150, entering to the family of indices S&P/IFCG Frontier
Markets. In October will be announced about inclusion of leader of banking
system of Kazakhstan to the other index of this family - S&P/IFCG Extended
Frontier 30.
Representing this news, leading analyst of developing countries of Standard
& Poor's Index service Taber Johnson had noted: "The appointment of given
index gives the issuers an opportunity for attracting of larger circle of
investors. It is connected to that foreign management companies are mainly
investing money to companies, having such indices. And investors are now
very interested in order to have securities of issuers from such frontier
markets in their portfolios".
Actually, due to S&P/IFCG Extended Frontier 150 is opening the access to
markets, which majority of funds' managers earlier considered as not
appropriate for investment goals because of prevalence of majority of small
companies with non-liquid shares on them.
Let us remind that S&P/IFCG Extended Frontier 150 Index - first totally
investment index on stock markets of Frontier Markets category - appeared
on the market in the middle of August 2007 and includes to itself the most
liquid securities of largest issuers from more than 30 countries of Eastern
Europe, Asia, Africa, Near East, Latin America and Caribbean basin.
Kazakhstan in given index, regular information for which will be provided by
Kazakhstan stock exchange (KASE), is provided by four companies,
including Kazkommertsbank.
Except this, it informs that with inclusion into indices S&P/IFCG Extended
Frontier 150 and S&P/IFCG Extended Frontier 30 Kazakhstan immediately
had taken the good position - 5th and 2nd places correspondingly. Also
Kazakhstan will be included to S&P emerging market index, including 57
countries. And in October Index service of Standard & Poor's plans to issue
new index of ultra-liquid shares, by which will be traded ETF (funds,
circulating on exchnages). To this index will be included global depositary
receipts, bases assets of which are shares of Kazkommertsbank JSC.
Index service of Standard & Poor's, world leader in the field of provision of
indices and index data, supports the wide family of investment and sample
indices, corresponding the various needs of investors. To the family of S&P
indices among others are included index S&P 500 (to it are directly
connected the passively managing assets for amount of $1.3 tr., except this
on it are orienting the aсtively managing funds with total volume $4.8 tr.) and
S&P Global 1200 index (joint index, including main indices of seven largest
regions and countries of the world). Additional information is available at:
www.standardandpoors.com/indices
Standard & Poor's - subdivision of McGraw-Hill company, is the world leader
in the field of provision with information about financial markets, including
independent credit ratings, indices, risks estimation, investment researches
and data. Standard & Poor's obtains with staff from 8 500 employees,
working in offices of 21 countries of the world. Standard & Poor's is the
integral part of world financial infrastructure and more than 140 years takes
the leading positions in provision of financial indicators, necessary for more
confident acceptance of investment and financial decisions. More detailed
information is available at
http://www.standardandpoors.com.
Founded in year 1990, Kazkommertsbank is the largest private financial
institution of Kazakhstan by the size of assets, loan portfolio and income. By
size of net assets Kazkommertsbank is confidently holding the 4th place in
CIS
- after state Russian Sberbank, Gazprombank and Vneshtorgbank. On the
contrary to many banks, which were created on the bases of soviet banks,
having the powerful capital and clients, Kazkommertsbank was created from
"zero", and for 16 years had become the largest private bank on the territory
of former USSR. In the end of year 2006 Kazkomemrtsbank was the first
from banks of RK who conducted the public offering of shares (IPO) on
London stock exchange. More detailed information is available at:
http://www.kkb.kz.
For contacts:
Public relations department of Kazkommertsbank JSC
Tel./fax: +7 (727) 258-53-92, E-mail: press@kkb.kz
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[2007-10-01]