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24.07.2013 11:31 #Corporate events

Eurasian Bank (Kazakhstan) is recognized by Asian Banking & Finance magazine a winner in the Domestic Retail Bank of the Year 2013

/KASE, July 24, 13/ – Eurasian Bank (Almaty), bonds of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of July 23, 2013:

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For the second year running, Eurasian Bank has won the Asian Banking & Finance ‘Domestic Retail Bank of the Year – Kazakhstan’ Award. A leading financial magazine of Asia annually awards the leaders among the largest banks and financial institutions of Asia. This year, the awards ceremony was held in Singapore. About two hundred bankers from more than twenty countries around the world took part in this event.

Asian Banking & Finance awards the winners upon analyzing their financial performance, in addition, the overall strategy, and the use of innovation is also taken into account. The banks assessment process engages independent experts from all around the world. This year, the judges included the experts of ‘Accenture’ international consulting firm and the Big Four audit firms: PriceWaterhouseCoopers, Deloitte, Ernst & Young and KPMG.

Independent judges pointed out the excellent performance of Eurasian Bank. Within two years it has built a retail network of new generation in Kazakhstan. Since the beginning of 2012, the Bank has been opening approximately one outlet a week and now it has more than 2,800 points of sale. The Bank is especially proud of high technology ‘Branches of the Future’ providing services at the level of the world’s leading banks. For 6 months of 2013, Eurasian Bank has granted more than 260,000 new loans, of which 79% were made in the regional offices outside of Astana and Almaty.

"The Retail Business, led by Bertrand Gossart, continues to overachieve. I am thrilled that we are able to maintain our leadership position in this very competitive environment. Both I and our employees are proud to receive this prestigious award and we will continue our hard work and dedication to our clients," said Mr. Michael Eggleton, CEO of the Management Board of Eurasian Bank JSC.

The upward trend in the bank results for the past two years was noted by Standard & Poor’s as well, which has revised the outlook of Eurasian Bank JSC Eurasian Bank from ‘stable’ to ‘positive’. S&P affirmed Bank’s 'B+' long-term and 'B' short-term credit ratings and upgraded the national scale rating to ‘kzBBB +’ from ‘kzBBB’.

Eurasian Bank Press Office

tel. +7 (727) 2 599 599 (вн 4802) press@eubank.kz www.eubank.kz

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[2013-07-24]