OREANDA-NEWS. On August 07, 2008 Alliance Bank JSC (Almaty), a listing company of  Kazakhstan Stock Exchange (KASE), provided KASE with the press release, reported the press-centre of KASE:

Alliance Bank (LSE: ALLB) announced that it signed a bilateral agreement with Merrill Lynch International to raise a loan of USD 95 million due on January 20, 2010. The Loan rate was fixed at 9.67% per annum.

The loan funds will be forwarded for the origination of loans to Alliance Bank's customers. Alliance Bank still retains the leading position in the retail and SME business lending sectors.

According to the Managing Director of Alliance Bank, Anvar Khaltaev, in the context of the present restricted access to the money resources at the international capital markets, the transaction itself executed with one of the largest world renowned financial institutions as well as the amount and value of the raised funds prove the confidence and continuous interest of foreign investors towards the Kazakhstan banking sector.