OREANDA-NEWS. On November 07, 2007 Bank TuranAlem JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, provided KASE with the press-release of next contention, reported the press-centre of KASE:

Over the period from December 31 of 2006 till October 1 of 2007, by the preliminary data, consolidated assets of BTA increased by 47,4% - to USD24,1 bn. from USD16,3 bn., capital – 2,3 times up to USD3,6 bn. Consolidated net income of BTA totaled USD492 m., having grown two times in comparison with the similar period of the last year and exceeded the income by the results of year 2006 by 60%.

The volume of given loans increased from USD10.6 bn. as of the end of 2006 up to USD18,7 bn. as of October 1 of 2007. Growth over nine months of 2007 made 76%. Net percentage margin over the same period grew from 4,2% to 5,5%.

In October of 2007, the Bank completed the transaction of securitization of Diversified Payment Rights (DPR) to the sum of USD750 m. This emission was made by a specialized Finance company of BTA and is the first issue on international market of borrowings in accordance with the Bank's program of issuing bonds, secured by Diversified Payment Rights (DPR). The given securitization is the biggest solitary transaction for a Kazakhstani issuer.

On November 1 of 2007, Moody's rating agency decreased the ratings on debt obligations of a number of Kazakhstani banks, including Bank TuranAlem (long-term rating in local currency Ba1/NP, rating on senior unsecured debt in foreign currency Ba1, rating on subordinated debt in foreign currency Ba2, rating on junior subordinated debt in foreign currency Ba3). The outlook on all deposits and debt ratings is stable.

Banks considers that, same as in the cases of rating reductions by other agencies, the action of Moody's was not provoked by Kazakhstani banks and is a reflection of general negative mood that is present on global financial market.

Despite of ratings reduction, Bank TuranAlem is in full accordance to all financial obligations, stipulated in the loan agreements, including syndicated loans and eurobonds' issues.

In September of 2007, the Bank received an award of the "Best Enterprise of Europe" in the banking sector of Eurasian region.

Bank TuranAlem JSC is a leader in CIS by transboundary expansion. It owns a divaricated brunch network and daughter companies. The firms, offering insurance services, mortgage, pension ensuring, leasing, assets management and others, belong to financial group of the bank.

The insurance companies that enter BTA banking conglomerate are leaders of the market of insurance services by the results of nine months of year 2006 and take the first place with 15% market share.

About 50% of deals among mortgage companies in Kazakhstan account on fall at the daughter company of Bank TuranAlem JSC - BTA Ipoteka JSC.

SPF BTA Kazakhstan JSC takes the fourth place among pension funds of Kazakhstan with the coefficient of nominal revenue equal to 68.78% (the 1st place on the market) over the period of September 2004 - September 2007.