Kazakhstan Bank TuranAlem, which registered its representative office in AR Ministry of justice of Azerbaijan, celebrates its 80th anniversary

/Bank TuranAlem JSC, August 24, 05/ - Kazakhstan bank TuranAlem, which have received preliminary permission of the National bank of AR for opening of representative office and have registered its representative office in Ministry of justice of Azerbaijan, send inquiry to the National bank of Azerbaijan Republic for official permission of opening of representative office. At present time the inquiry is being considered. Today in Baku bank TuranAlem celebrated its 80th anniversary. Celebration was held in Grand Hotel Europe Baku, Azerbaijan salon. Representatives of the National bank, commercial banks, embassies, foreign banks and organizations, and also representatives of biggest companies of Azerbaijan took part in celebration. Azerbaijan - important partner of Kazakhstan in Transcaucasian region. In our states many joint ventures act. Successfully develops collaboration between Kazakhstan and Azerbaijan companies in oil and gas and transport complexes, and oil pipeline Baku-Tbilisi-Dzhekhan was called by Nursultan Nazarbayev alternative direction for delivery of Kazakhstan oil for export through Caucasus. Additional stimulus for development of collaboration between economic subjects of our countries were agreements, achieved in the cause of meeting in Astana of Kazakhstan President Nursultan Nazarbayev and Azerbaijan President Ilkham Aliyev and signing of declaration About friendship and partnership between Republic of Kazakhstan and Azerbaijan Republic, which was held on March 2004. All these create prerequisites for expansion of collaboration of Bank TuranAlem JSC with Azerbaijan companies. Bank TuranAlem JSC - backbone bank of Kazakhstan, leader on creation of banking net in CIS countries. Assets of BTA reach $5.5 bn., total shareholders equity of the bank exceeds $600 m. Bank's shareholders consist of big financial institutes of the world: EBRD, RZB, FMO, IFC. Bank TuranAlem JSC confidentially holds leading position on Kazakhstan market in the field of trade financing, crediting of small and medium business and mortgage crediting. Strategic development of Bank TuranAlem stipulates for geographic diversification. Bank's group - strategic partners, in capital of which Bank TuranAlem JSC has stake, consists of Slavinvestbank (Moscow), Omsk- bank (Omsk), Astanaeximbank (Minsk), BTA InvestBank (Yerevan), Agroinkombank (Astrakhan), BTA-Kazan (Kazan), BTA Silk Road Bank (Georgia). The bank expands range of offered products and demonstrates stable dynamic growth. Net of foreign representative offices of BTA covers Russia, Byelorussia, Kirgiziya, Ukraine, Armenia, Tajikistan, Georgia and China. At present time BTA is concentrated on consolidation of banks, in whose capital it included, on adaptation of business-procedures, unification of technologies and products. [2005-08-24]