OREANDA-NEWS. On June 03, 2008 Nurbank JSC (Almaty), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with the press release as follows, reported the press-centre of KASE:

On June 2 Nurbank in accordance with the schedule made the last in 2008 \\$133 m repayment of the syndicated loan, borrowed on May 2, 2006, and paid the accrued interest. Deutsche Bank AG (Germany) and RaiffeisenZentralBank AG (Austria) organized the loan.

Nurbank repaid this syndicated loan at the expense of own resources, without refinancing, which once again showed stability of the financial institute, and the Kazakhstan banking sector on the whole.

Thus, as it had been planned, according to the results of the first half of 2008, Nurbank has become the first Kazakhstan bank to have fully paid 2008 year external obligations. According to Daniyar Nurskenov, Managing Director of Nurbank JSC, the stake of external debt in the form of syndicated loans and Euro bonds in the total volume of obligations reduced down to an appropriate level - less than 20 % thanks to clients' deposit base growth.

It is noteworthy that Nutbank has left to pay the only issue of Euro bonds with \\$150 m. volume and 2011 maturity.