Valut-Tranit-Bank JSC (Kazakhstan) informed about some results of its activity in 2005

/KASE, January 23, 06/ - Valut-Tranit-Bank JSC (Karaganda) today spread press release, which informs the following. Beginning of quotation Management of Valut-Tranit-Bank JSC informs, that for 2005 the Bank doubled net profit. Net profit of Valut-Tranit-Bank JSC as of January 1, 2006 totaled KZT2,225 m. or $16.6 m. (133.77 $1), having increased in comparison with similar period by 102.1%. The bank's equity capital within a year (i.e. since January 1, 2005) grew by 39.5%, having reached as of January 1, 2006 KZT13,622 m. The bank's assets increased within considered year by 59%, having reached by the end of 2005 KZT79,561 m. Loan portfolio grew within the above period by KZT18,410 m., (by 66.1%), deposits and current accounts of clients correspondingly - by KZT12,848 m. (by 39.5%), and volume of issued bonds reached level KZT7,394 m., having increased in a year by KZT5559 m. (by 303%). At present Valut-Tranit-Bank JSC has 17 branches, 185 CSD, 204 currency exchange points. Valut-Tranit-Bank JSC holds work in introduction of progressive programs, products, technologies with participation of famous companies of world scale IBM, ICICI Infotech LTD, Cisco-sistem, new modern work system with clients - Client Relationship Management (CRM), of the world known brand Oracle. This system successfully develops in banking and other systems of developed countries of the world, it called to lift level of business interrelations of the Bank and its client to new stage. Owing to this system interaction becomes personal, confidential and close, and this gives opportunity to fasten many business processes, to make work much more efficient. This system is introduced by one of the world leaders in creation of program supply - firm ABS. Main strategy of the Bank's development for 2006 is determined aspiration to comply with requirements of International standards to maintain business. Quality became one of strategic priorities of the end of twentieth - beginning of twenty first century. In its turn, quality of goods and services, quality in technologies and business-processes are regulated by series of international standards to rule quality, which are adopted in more than 90 countries of the world. Precisely these standards we took as a basis of our activity. At present, as per International standards we optimize production processes, by application of new technologies and new equipment, and also produce re- dislocation of staff to more valuable, prospective directions. Valut-Tranit-Bank JSC is always open for new projects and ready to efficient collaboration with partners and clients. Realization of strategy, planned for 2006, will result in considerable increase of rating of Valut-Tranit-Bank JSC, will bring it to higher positions in Kazakhstan market and give qualitative stimulus for development of business in international market of financial services. End of quotation [2006-01-23]