REFERENCE: TexaKaBank OJSC (Kazakhstan) - characteristics of activities

/IRBIS, information of the KASE Listing commission, Sept 26, 01/ - The following information is published since the first issue inscribed subordinated coupon bonds of TexaKaBank OJSC (Almaty) passed the listing of the Kazakhstan Stock Exchange (KASE) under category "A". TexaKaBank OJSC is oriented to serving small and mid-sized business. The proportion of financing in this direction reached 64% of the bank's loan portfolio as of August 31, 2001. The bank conducts transactions in issuing any kind of bank guarantees: payment, obligation meeting, credit, documentary acceptances. TexaKaBank OJSC has a big clientele. Annual growth of the individuals served by the bank is 10%, legal entities is 5%. By 2003 the bank plans to have at least 4 th. clients. In coming years TexaKaBank OJSC plans to create following clientele base: major clients - 5%, small and mid-sized companies - 45%, individuals - 50%. The bank has developed new system of deposits for its clients. Introduction of a new deposit program allowed the bank to increase the volume of time deposits by 90% in 2000 compared to 1999, at KZT745.0m. In I half of 2001 the volume of deposits increased by 62% (KZT1,205.4m). Annual growth of deposits is being observed also: in 1998 - KZT1,124m, in 1999 - KZT1,495m, in 2000 - KZT2,583m, in I half of 2001 - KZT3,015m. The proportion of call deposits will be at least 45% in the bank's liabilities. From 1998 TexaKaBank OJSC started money transfer transactions through MoneyGram system. The turnover of funds through this system reached $280 th. in 2000. Total amount of international transfers, including those made through MoneyGram, increased by 23% in 2000 against 1999. The bank offers its clients travelers checks of the US treasury, individual, corporate and bank checks. In order to offer its clients more quick and complete information regarding their transactions with the bank, the bank specialists introduced Automated Banking Complex Software PRAGMA. The bank pays special attention to increasing the range of services, including retail banking. Consumer and mortgage financing of the population have developed, acceptance of utility bills and making budgetary payments through the bank became a norm. Total volume of consumer and mortgage financing equaled KZT3.8m in 2000, including KZT1.7m of mortgage financing. The bank conducts transactions on world markets, on government securities markets. In 2000 TexaKaBank OJSC made financial transactions with corporate bonds of NOC Kazakhoil CJSC and Halyk Bank of Kazakhstan OJSC. One of the most important and perspective directions of the bank's activities on world markets is documentary transactions. The number of acceptances issued by the bank increased almost 2.5 times in 2000 relative to 1999, and in I half of 2001 it has doubled against 2000. One of the perspective types of services is giving cash through plastic cards of POS terminal, which increased settlement speed with the clients. TexaKaBank OJSC can give cash through Visa, Europay/Master Card, Altyn, Diners Club cards to individuals, and has agreements with trade and service sector to service plastic cards. The bank plans to issue its own VISA cards. Now, TexaKaBank OJSC has correspondent relations with a number of foreign banks (more than 10), including: in USA (American Express Bank, First Union National Bank, Comerica Bank, Bank of New York, Texas Central Bank), in Germany (Deutsche Bank AG, Dresdner Bank AG, American Express Bank GmbX), in Switzerland (Credit Suisse Bank), in Russia (Dialog-Optim), in Ukraine and other countries. To settle the accounts with correspondent banks it uses S.W.I.F.T. system. TexaKaBank OJSC has one regional branch in Astana and 8 settlement centers.