Eurasian Bank JSC (Kazakhstan) intends to develop updated bank's development strategy

/KASE, May 28, 08/ - Eurasian Bank JSC (Almaty), bonds of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press release of the following content: Quotation start On 22 May 2008 Eurasian Bank's Board of Directors appointed Zhomart Yertayev as an Acting Chairman of the Management Board. Eurasian Financial & Industrial Company, being a single shareholder of Eurasian Bank, sets the mission to further develop this financial institution as a universal, efficient, competitive and open bank offering a wide range of services to a broader clientele. No doubt, this mission requires the unconventional managerial skills, constructive and creative approach and experience in the same scale projects. We are convinced that the managerial talent of Zhomart Yertayev, the new Chairman of the Board, combining those characteristics, will demonstrate the effect in synergy with strong support of the shareholder, - said Boris Umanov, member of the Eurasian Bank's Board of Directors. I appreciate the Bank shareholder's offer to take the lead over this financial institution on the threshold of major changes. The task to make Eurasian Bank a leader of the banking sector under pressure of the economic slowdown is the serious challenge, which I'm ready to take, - Zhomart Yertayev declared. According to the plans by the 1st of August 2008 an updated strategy of the Bank's development will be in place. It will contain a complex of tasks aimed at the financial institution's key goals' achievement including the increase of market share in all business segments, growth of assets, capital and customer base. Backgrounds: Zhomart Yertayev In 1994 graduated from the Kazakhstan State Architecture & Construction Academy as an лeconomist¬. He was the Board Member and Chairman of the Subsidiary Joint-Stock Bank лAlfa Bank¬. In 2002 Mr. Yertayev was appointed as a Chairman of the Management Board of Alliance Bank. Led by Mr. Yertayev Alliance Bank has become the most dynamic bank in Kazakhstan, shifting from the 17th position in by assets to the 3rd one. In January 2005 the authoritative international financial edition, The Banker magazine, acknowledged Alliance Bank as the most dynamic institution amid the banks in CIS region and Central Europe. In 2007 Mr. Yertayev was the Chairman of the Management Board of BTA Bank (Ukraine) being the strategic partner of BTA Bank (Kazakhstan). During July- December 2007 the assets of BTA Bank (Ukraine) increased by more than 4 times - from $57 million to $229.4 million. In terms of assets the bank shifted from 106th to 58th position, whereas the total number of banks operating in Ukraine exceeds 170. Press Service of Eurasian Bank JSC +7 (727) 250 86 14, 244 39 43 www.eurasian-bank.kz Quotation end [2008-05-28]