OREANDA-NEWS. On April 08, 2008 Nurbank JSC (Almaty), securities of which are traded in the Kazakhstan Stock Exchange (KASE) category "A" official list, provided to KASE the press-release with the following content, reported the press-centre of KASE:

During 2007, the bank experienced positive changes. First of all, was achieved the progress in transparency of Nurbank shareholders structure - in the last June the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations approved assigned the status of the largest participant of Nurbank JSC to Dariga Nazarbaeva jointly with Nurali Aliev. At present, they directly control up to 50% of the bank shares.

In June 2007, the bank's authorized capital was increased by KZT11,6 bn. that allows speaking about the growth by 90% in comparison with 2006. If in December 2006 the capitalization coefficient made up 16%, then in a year it reached the level of 20,9% - one of the highest indicators in the domestic banking sector. In addition, the existing bank shareholders are interested in its long-term development and ready to support further bank growth, ensuring the required capitalization level.

Then, the management team was significantly strengthened: to the Bank top-management joined managers and professional with the wide experience of work in the financial and banking sectors on both the internal and the international markets.

In general, speaking about the bank's development positive dynamics, the improvements on basic financial indicators should be emphasized. This, first of all, doubling of the net income given the steady loan portfolio and the volume of assets, as well as adequate increase of assets yield by 1,5 times. The bank's net income, according to the audited consolidated IAS reporting, increased by 115% (from KZT1 417 254 th. in 2006 up to KZT3 042 057 th. in 2007).

The full version of Nurbank JSC press release is available on the KASE site at http://www.kase.kz/emitters/scan/nrbn/nrbn_reliz_080408.pdf