OREANDA-NEWS. On 03 June 2008 was announced, that according to the study by Kursiv newspaper, Kazinvestbank (KIB) is the leading bank in attracting term deposits of individuals in 1Q 2008.

Deposit base of individual clients of the bank grew by over 370% in the first quarter of 2008 and totaled 9 615 171 thousand tenge. The growth of retail deposits of other banks in the same period averaged at around 13.6% while some of the banks closed the first quarter with significant negative growth in deposit base. The growth of deposits is primarily attributable to the recent launch of Priority Banking business that provides services to high wealth individuals kicked off in late 2007 as part of KIB’s strategy in Consumer business segment.  Such substantial boost in deposits demonstrates the success of bank’s strategy in consumer banking despite very competitive environment.

KIB is ranked 14th among banks of Kazakhstan in terms of assets with 70 178 714 thousand tenge as of April 1, 2008.