Eurasian Bank (Kazakhstan) ready to talk on acquisition of BTA Bank shares

/KASE, February 2, 09/ - Eurasian Bank (Almaty), securities of which are listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release: Quotation beginning According to mass media during an enlarged meeting of the Government of the Republic of Kazakhstan Chairman of Fund of national wellbeing Samruk-Kazyna Kayrat Kelimbetov announced Fund of national wellbeing Samruk-Kazyna is holding preliminary talks with Sberbank of Russia on the possibility Sberbank buys a share in the BTA Bank capital. Praising highly the Government of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan, Fund of national wellbeing Samruk-Kazyna striving for stabilization of financial standing of banking sector of the Republic of Kazakhstan, Eurasian Bank, however, considers, that at determination of new shareholders of a fundamental bank, which, no doubt, BTA Bank is, priroty should be vested to national investors. Historically settled conservative development policy of Eurasian Bank, absence of large-scale transborder borrowings and support of shareholders today allows us for offering partnership to state bodies of the Republic of Kazakhstan and Fund of national wellbeing Samruk-Kazuna in support of BTA Bank. In particular, Eurasian Bank is ready to begin negotiations on acquisition of shares of this financial institution. We are emphasizing that this offer of Eurasian Bank is not an aspiration for repartition of the existing financial sector of the country under conditions of difficulties, as we believe, of a temporary nature. Therewith, we believe that investment to the BTA Bank capital, first of all, by residents of the Republic of Kazakhstan is capable to reduce system risks of this financial institution. As was noted in the article of president Nazarbaev "Crisis keys" - "CIS states must fully use their former "crisis" experience, more accurately to say, experience of anticrisis management. Like all new independent states, Kazakhstan multiply got over the hardest times. After the collapse of the Soviet Union we in action got through tortures of renewal, and complicated and painfull reforms. Then, the tasks that seemed insoluble were solved. And we won. Why not do it now, for to win once more?". We believe these words are completely just in relation to normalization of the BTA Bank situation - we believe national investors can reform the Bank and restore its value for the economy of the country. Press Service Eurasian Bank Tel.: (727) 244 39 12, 244 39 43 www.eurasian-bank.kz Quotation end [2009-02-02]