Bank CenterCredit JSC (Kazakhstan) signed the loan agreement with the German Development Bank DEG to the total amount of $40.0 m.

/KASE, June 20, 08/ - Bank CenterCredit JSC (Almaty), the listed company of Kazakhstan Stock Exchange (KASE), provided to KASE the press release where informs on the following: Quotation start On June 19, 2008, Bank CenterCredit JSC (BCC) singed a loan agreement with the German Development Bank DEG to the amount of 40 million US dollars for 5 years. Borrowed money is planned to fund enterprises of small and medium businesses in such areas as processing industry, agriculture, transport, trade, tourism, services. The bank believes that the borrowing under funding of enterprises of small and medium businesses will strengthen its sustainable position in this market of banking services and will allow the significant increase its portion in the market. German Development Bank DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, the member of the KfW Bankengruppe group, acted as the creditor in this deal, is one of the largest European development institutions, activities of which are aimed at funding of long-term projects. More than 40 years DEG invests banks and private companies in developing countries and countries with the transition economy. Since 2003, CenterCredit implemented a number of projects with the German Development Bank. This deal is the bank's second borrowing, concluded with DEG under financial instability on both the international markets and Kazakhstan. Thus, the first deal - subordinated loan concluded in December 2007 to the amount of 40 million US dollars for 7 years, borrowed resources were included in calculation of the second tier capital. Despite significant decrease of the access of Kazakhstan banks to international capital markets, provision of such loans proves that Bank CenterCredit is considered by foreign partners as the sustainable financial institute with reliable reputation and balanced policy. As of March 31, 2008, assets of Bank CenterCredit made up KZT849.5 bn., own capital increased up to KZT73 bn., the bank's deposit base during three months of 2008 increased by 7% and made up KZT335.7 bn. The bank income for the 1st quarter of 2008 increased by 100% if compared with the 1st quarter of 2007 and made up KZT2.5 bn. the bank's portion of loans issued to small and medium businesses made up 41% from the entire loan portfolio. Bank CenterCredit JSC has international ratings of agencies Moody's: Ва1 and Fitch Ratings: ВВ-. For additional information, please contact: Public Relations Manager of Bank CenterCredit JSC Zhanna Mambetova, tel. 598603, e-mail: zmambeto@centercredit.kz Quotation end [2008-06-20]