BTA Bank (Kazakhstan) and SB Bank of China in Kazakhstan sign cooperation agreement

/KASE, September 8, 08/ - BTA Bank (Almaty), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE), provided KASE with the press release as follows: Quotation start On September 8, 2008 in Almaty the Managing Director of BTA Bank Timur Sabyrbaev and the Chairman of the Board of SB Bank of China in Kazakhstan Tyan Way signed the Cooperation Agreement in the area of international business development and correspondent account opening. Signing of this document provides new opportunities for clients of BTA bank. Thanks to the achieved agreements, the time for money transfer from Kazakhstan to China through BTA Bank services will reduce from three days to one day. "It is well in order to enlarge its international activity and to facilitate businesses of clients for such an active and successful participant of the financial sphere, as BTA Bank. In this case we act according to the strategic plan for entrance on Chinese market. Signing of the agreement with the bank of China in Kazakhstan - is an important step to realize the strategy", Timur Sabyrbaev said. Taking into consideration the trends in development of trading and economical interaction, and financial sphere of China, this market is seen as one of the most prospective areas of long-term international cooperation by BTA Bank. To Contact Media: Adyl Dosymov, Press Secretary of BTA Bank 8 (727) 266 47 97, e-mail: dosymov@bta.kz Quotation end [2008-09-08]