Euromoney Magazine: Alliance Bank JSC - the Most Reliable Partner in Retail Banking Business

/KASE, May 22, 08/ - Alliance Bank JSC (Almaty), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", has provided KASE with the press release, which informs as follows: Quotation start The Euromoney International Financial Magazine has assigned Alliance Bank with the "Most Reliable Partner in Retail Banking in Kazakhstan" award in the category "World Leading Banks in Corporate Governance 2008." The certificate for this award was presented at the EBRD Annual Meeting ceremony which took place in Kiev, May 19, 2008, where Martin Born, Euromoney Director in Central and Eastern Europe & CIS, to Erik Sultankulov, CEO of Alliance Bank. "The outstanding success Alliance Bank had achieved at the current economic environment proves high reliability and stability of this financial institution," - said Mr. Born at the ceremony. - 'In 2008, Alliance Bank has strengthen its positions as the leading retail bank in Kazakhstan with its extended branch network and offered sophisticated products to more than two million customers. Therefore, according to Euromoney experts, Alliance Bank deserves this award as the most reliable partner in retail banking in Kazakhstan". "We have confirmed our stability under the global economic recession and managed to keep the leading position and innovative style of management in retail banking, - said Mr. Sultankulov at the ceremony. - "At the same time, Euromoney award commits us to keep the best practices to be all the time in line with awarded title "Most reliable partner in retail banking in Kazakhstan." In 2007, we identified new development strategy where our priorities to improve quality of customer service and internal business procedures were underlined. Our primary goal is to build up highly technological and innovative financial institution which would pass ahead the market demand and provide the clients with the best quality services. Currently Alliance Bank has all necessary resources to reach new targets and I believe that thanks to the abundant experience, well defined business strategy, partners and customers our new goals will be also achieved successfully". It should be noted that Alliance Bank's success in retail banking was awarded several times by Euromoney experts: in 2005 and 2007 the Bank was announced a winner as the "Best Retail Bank in Kazakhstan" in the category "World's Leading Banks in Corporate Governance." Besides, in view of ALB's achievements in corporate management, in 2005 Alliance Bank was announced by Euromoney magazine's "Leading Bank in Corporate Governance in Kazakhstan" and in 2006 "Leading Bank in Corporate Governance in Emerging Europe". Therefore, Euromoney's experts annually confirm achievements of Alliance Bank in corporate management and its leading position in the retail banking of Kazakhstan. For further information, please contact: Public Relations Service, Alliance Bank JSC Tel..: +7 (727) 259 80 76 E-mail: pr@alb.kz Quotation end [2008-05-22]