ATFBank JSC (Kazakhstan) informs on meeting of the president of Kyrgyz republic Kurmanbek Bakiev with manager of bank group UniCredit Group in Central and East Europe Fiderico Gittsone

/KASE, July 24, 08/ - ATFBank JSC (Almaty), securities of which are traded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE with press release of the following content: Quotation start Rush way out of ATFBank - Kyrgyzstan OJSCО on new level showed the meeting of the president of Kyrgyz republic Kurmanbek Bakiev with manager of bank group UniCredit Group in Central and East Europe Fiderico Gittsone. During the meeting, July 17, 2008 the head of the government said that approve emerging of one of the powerful financial structures worldwide on Kyrgyzstan market. "Activity sphere of UniCredit Group is multifaceted and includes different sectors of economy. I hope our collaboration will be successful. Today authority of Kyrgyz republic focuses on development of production sphere and improving the acute sector of economy. In this relation we hope on you assistance to small and medium business development and supporting agricultural sector and sector of agricultural products processing" - Kurmanbek Bakiev said. Mr. Gittsone, in its turn, spoke about plans of activity of UniCredit Group in Kyrgyzstan: "Now Kyrgyzstan is presented in activity plan of UniCredit Group - one of the powerful financial structures worldwide, which has branches in 23 Europe countries and 50 worldwide countries. Kyrgyzstan's economy grows and its perspective is promising. Today ATFBank - Kyrgyzstan is in top 5 major banks of the country and active investment in bank will considerably increase its positions and lead to leaders of republican bank sector". Investments in ATFBank - Kyrgyzstan today make $18 m. during nearest two years the group intends to increase its amount twice. At that, Mr. Gittsone assured the president that the main stress will be made on small and medium business crediting and development of republican agrarian sector. "Today 47% of credits directed to development of this sectors of Kyrgyzstan's economy and this value is supposed to be increased to 60%. In bank's long term plans (till 2012) are the main aims to investments in agrarian sector, agricultural producers` support by mean of providing new agricultural equipment, creating of seed fund and selective works conducting" - Mr. Gittsone informed Kyrgyzstan president. Mr. Gittsone stressed that the major stress will be made on professional development and advanced training of staff of ATFBank - Kyrgyzstan. Clients of ATFBank - Kyrgyzstan JSC will have certain advantages from activity, made of knowledge of local specialists and international practice of UniCredit Group, such as: - High level service, inherent to all banks of UniCredit Group; - The range of bank produce and services, effective all over the Group; - Possibility to receive several services within one bank; - Expenditure economy owing to effective management of international activity; - Universal covering of dynamically growing European markets; - Highly qualified managers` staff on work with clients in all regions of Group. Attracting of other foreign investors is in plans of financial group, what may influence on positive development of country's economy. On the meeting of representatives of UniCredit and ATFBank - Kyrgyzstan with journalists was announced that in nearest future there will be rebranding of ATFBank JSC, in which subsidiary banks, including ATFBank - Kyrgyzstan will be included. About UniCredit Group UniCredit Group is presented in 23 countries al over the world and has over 40 m. clients. The Group has nearly 10 th. branches; the number of staff reaches 180 th. The Group operates in the following countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Rumania, Russia, Serbia, Slovakia, Slovenia, Tajikistan, Turkey and Ukraine. Quotation end [2008-07-24]