Again KAZKOMMERTSBANK OJSC has been recognized as the best bank in Kazakhstan by Global Finance

/IRBIS, March 27, 03/ - Today KAZKOMMERTSBANK OJSC (Almaty) spread press-release, which says that International financial edition Global Finance had called KAZKOMMERTSBANK OJSC the best bank in Kazakhstan in 2003 in its traditional review "Best bank of countries with developing economics". The journal chooses the best banking institutions at developing markets of Central and East Europe, Central Asia, Africa, Near East, Asia and Latin America during last 10 years. This is made on the basis of through analysis of economics of these regions and also the world financial markets. This year in the region of Central, East Europe and Central Asia Global Finance determined 17 best banks. Besides, KAZKOMMERTSBANK OJSC Russian Alfa- Bank, National Bank of Uzbekistan, Polish Handlowy Bank, Latvian Parex and other have been recognized as the beast at their markets. Austrian bank Austria/Creditanstalt has been recognized as the best in the region. "Despite the complicated market conditions of last year, these banks continue to render services of highest quality. These awards once more prove their achievements and successful development", - stated Joseph D. Jiarraputo, editor of Global Finance. According to information of KAZKOMMERTSBANK OJSC, Global Finance has about 50,000 subscribers and more than 235,000 readers in more than 160 countries. They are chairmen, presidents, heads, treasurers and other financial officers, who are responsible for making of investment and strategic business decisions for the world companies and financial institutions. Global Finance orientates more than 8,000 key portfolio investors. KAZKOMMERTSBANK OJSC is the leader of Kazakhstan banking sector, which takes the biggest part at the market by assets (23.1%), by loans for clients (25.2%), by clients' deposits (22.2%). [2003-03-27]