Alliance Bank JSC (Kazakhstan) to pay $323.5 m. for repayment of syndicated loans

/KASE, June 23, 08/ - Alliance Bank JSC (Almaty) being the listing company of Kazakhstan Stock Exchange (KASE), provided KASE press release of the following content: Quotation start Almaty, June 23, 2008 - Today Alliance Bank (LSE: ALLB) announced on 2 planned payments on syndicated loans on total amount $323.5 m. June 17 Alliance Bank paid first draw-dawn in amount of $176.5 m. for repayment of syndicated loan, dated June 13, 2007 on total amount $400 m. After that, June 20 Alliance Bank paid second draw-dawn in amount of $147 m. for repayment of syndicated loan, dated June 20, 2006 on total amount $400 m. and this way totally paid this loan. Syndicated loan, dated June 13, 2007 was borrowed with the maturity structure of 2 draw-dawns - after 370 days and 2 years. Leading organizers of the deal were Arab Bank plc, Commerzbank Aktiengesellschaft, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Limited. Syndicated loan, dated June 20, 2006 was borrowed with the maturity structure of 2 draw-dawns - after 1 and 2 years. Leading organizers of the deal were Bank of Tokyo-Mitsubishi UFJ, Ltd., Citigroup, Raiffeisen Zentralbank Osterreich AG and Standard Chartered Bank. As informed earlier, according to schedule Alliance Bank should pay off the part of liabilities before foreign investors on the amount $1 bn. and 22 m. in 2008. In the fist half of the year 2008, the volume of planned payments on foreign bank's liabilities makes about 70% from annual volume of foreign payments. June 26 will be the last in the half of year maturity in amount of $156.75 m. according to debut issue of Eurobonds. After it, the remained volume of foreign bank's liabilities, which compulsory till the end of current year, will make $300 m. It should be pointed out that maturity schedule of foreign Alliance Bank's liabilities is equally divided during further years, what allows bank to manage effectively its liquidity. Owing to effective business model, Alliance Bank possesses enough quantity of liquidity reserves for realizing all liabilities both in current and further years. The key point of this business model is initially personal consumer loans, which characterizes by high indexes of net percent margin and quick turnover of loan portfolio. One of the main resources of Alliance Bank's foreign debt payments is scheduled maturity on portfolio of personal consumer loans (PCL), which medium term of existence is 3 years. Thus, within one year maturity volume of PCL makes one of the third of PCL`s portfolio. It is planned that in 2008 the volume of main debt maturity on PCL of Alliance Bank will make $700 m., minus maturity of other loans, provided to physical entities and corporate clients. For further information, please, address: Public Relation Service Tel. +7 (727) 259 80 76 E-mail: pr@alb.kz web site: www.alb.kz Investor Relations Tel.:+7 (727) 258 40 40 innternal. 52030 E-mail: InvestorRelations@alb.kz Quotation end [2008-06-23]